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Nokia’s Kallasvuo replaced by Microsoft exec (AP)

FILE - A Thursday, June 8, 2005 photo from files of Microsoft executive, Stephen Elop during his time with Macromedia inc., as he is inteviewed by the Associated Press in Washington. Nokia Corp. will replace CEO Olli-Pekka Kallasvuo with Stephen Elop from Microsoft on Sept. 21, the world's largest handset maker said Friday, as it struggles to keep pace with smaller and more innovative rivals, particularly in the smartphone market. With Nokia stock down more than 20 percent this year due to two profit warnings, the Nokia veteran Kallasvuo had come under increasing pressure amid speculation he would be ousted. (AP Photo/Kevin Wolf, File)AP - Nokia Corp. will replace CEO Olli-Pekka Kallasvuo with top Microsoft executive Stephen Elop as the world’s largest mobile phone maker struggles to keep pace with smaller and more innovative rivals, particularly in the smartphone market.


Tags: stephen elop, replaced, exec, Kallasvuo, Microsoft, Nokia's

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