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Nokia hunting for new CEO after failing to take on iPhone

updated 08:40 pm EDT, Mon July 19, 2010

Nokia unhappy with Kallasvuo in light of iPhone

Nokia is now looking for a replacement for its CEO, insiders said tonight [reg. required]. The sources for the WSJ didn't have many details but implied that the company was heeding complaints from shareholders that company leader Olli-Pekka Kallasvuo should resign. Executives are reportedly "serious about making a change" and could force a move by the end of July.

A CEO for a "major" American technology firm was supposedly approached, but turned down the offer as he didn't want to move to Nokia's Espoo, Finland headquarters. At least one other American was approached.

Nokia declined to comment.

The leader has been under increasing pressure in the past few months as he has been criticized for allowing market share share to slide in Europe and around the world. Most of the losses have been in the smartphone arena, where Nokia has characteristically been late to adapt to trends: after the iPhone's release, it didn't have a modern touchscreen phone until a year and a half later with the 5800, and won't have multi-touch until the N8 in August. Its Comes With Music unlimited service, free Ovi Maps and the unified, approval-based Ovi Store are also believed to be reactions to strategies already adopted by Apple's iPhone and Google's Android platform.

Kallasvuo has also repeatedly promised to restore his company's presence in the US but has only seen it decline to where it has virtually no presence in US smartphones and a dwindling share of conventional phones.

Analysts and shareholders have accused Nokia of sheltering Kallasvuo, changing company structure twice and shuffling executives but never questioning its CEO's position. Calls have been made for an unconventional choice, possibly outside of Finland, to shake up a company that now bases most of its business on low-cost phones and an increasing amount on the developing world.



By Electronista Staff
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Comments

  1. rtamesis

    Dedicated MacNNer

    Joined: Jan 2000

    +8

    Nokia = Palm

    Nokia's shareholders would be better served if Nokia just sold itself to Apple.

  1. Foe Hammer

    Fresh-Faced Recruit

    Joined: Feb 2005

    -2

    And Just Think About ...

    ... all that great antenna design expertise they'd pick up.

    NOT!

  1. Alfiejr

    Fresh-Faced Recruit

    Joined: Aug 2008

    +7

    And The Other Shoe?

    When does Ballmer go too? oh wait - he can take over the Nokia job!

    both iPhone roadkill.

  1. CaptainHaddock

    Grizzled Veteran

    Joined: Apr 2004

    +4

    Ballmer?

    Microsoft's approach is different, Alfiejr. They actively promote incompetent executives while pushing visionaries and boat-rockers out the door. Ballmer's job won't be done until Microsoft's two remaining profitable divisions (Windows and Office) are killed off.

    Windows Phony 7, meanwhile, is practically guaranteed to be dead on arrival.

  1. SockRolid

    Forum Regular

    Joined: Jan 2010

    +4

    The Nokia ringtone

    Just realized that the last time I heard the Nokia ringtone was in "Star Trek" when young Kirk took his uncle's 270 year old Corvette out for a spin.

    Nokia? Still around in 2233? Now *that's* science fiction.

  1. SockRolid

    Forum Regular

    Joined: Jan 2010

    +1

    More like 2244 or so

    Just realized that Kirk must have been about 11 or 12. He was (will be?) born in 2233...

  1. lkrupp

    Junior Member

    Joined: May 2001

    +3

    Foot in Mouth...

    Kinda puts Nokia's snarky response to antennagate in perspective doesn't it.

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