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Head of Nokia resigns – will take its place comes from Microsoft

According to information published on the official website of the Finnish company Nokia – the world’s largest manufacturer of mobile phones, the board decided to change the CEO. The current general manager Olli-Pekka Kallasvuo (Olli-Pekka Kallasvuo), who works in Nokia more than 30 years, will leave his current post for 20 September this year, while retaining his position as Chairman of the Board of Directors of the joint venture Nokia Siemens Networks.

first rumors of imminent change in the president appeared in July. Among the major reason was not good financial performance, loss of market share of mobile phones and the increasing gap between the leaders in the planning segment of smartphones, which, recall, are the Apple iPhone and Google Android.

second quarter of the fiscal year ended with a decline in profits by 40%, while maintaining sales volumes. This result is explained by the fact that the vast majority of units sold refers to the budget models, the profits from the sale of which is low.

replaced MIC (usually called the current head of Nokia’s business community because of its complicated to pronounce the name – Olli-Pekka Kallasvuo) will Ilop Stephen (Stephen Elop), who is now president of Business Division Redmond giant Microsoft. Prior to joining Microsoft Ilop held senior positions at Adobe and Juniper Networks.

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