Nokia appoints Stephen Elop as new President and CEO
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Nokia has dropped a bomb just before Nokia World by announcing a new CEO and President. Stephen Elop who currently heads Microsoft’s Business Division will take the helm from Olli-Pekka Kallasvuo as the new President and Chief Executive Officer of Nokia Inc. from September 21. Olli-Pekka Kallasvuo who served Nokia for the past 30 years will leave the company on September 20 but will maintain his position in the Board of Nokia Siemens in a non-executive capacity.
Olli-Pekka Kallasvuo is entitled to receive a severance package that consists of 18 months of his gross salary amounting to around 4.6 million euro.
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Sep 17th, 2010 at 10:58 pm
[...] a week after Nokia’s CEO, Olli-Pekka Kallasvuo was replaced by Stephen Elop, LG Electronics too have announced a change in the position of the chief executive [...]