Media speculation has been rife over the possible removal of Olli-Pekka Kallasvuo as CEO of Nokia.
The speculation comes on the eve of Nokia’s Q2’10 results, which are expected to be disappointing.
The Wall Street Journal and other news sources reported…
Media speculation has been rife over the possible removal of Olli-Pekka Kallasvuo as CEO of Nokia.
The speculation comes on the eve of Nokia’s Q2’10 results, which are expected to be disappointing.
The Wall Street Journal and other news sources reported that in light of the sagging fortunes of the Finnish phone manufacturer, investors were calling for the head of Kallasvuo. Shares in the company jumped by 5% on the circulation of these rumours.
Kallasvuo has come in for much criticism over the past three years as Nokia falls behind Apple and Google in the smartphone market, and although Nokia remains the world’s largest mobile phone maker, it has not produced a smartphone to match the iPhone. Google’s Android smartphone operating system had also highlighted serious shortcomings in Nokia’s equivalent, the Symbian.
The WSJ also claimed that Jorma Ollila, Nokia’s chairman had already interviewed two high-profile American executives, while the Financial Times claimed that Anssi Vanjoki, head of Nokia’s smartphone unit was the preferred internal candidate.
When contacted Nokia declined to comment.
