Nokia CEO Stephen Elop, Stepping Down Because Of The Upcoming Transition
Microsoft’s Acquisition of Nokia Devices and Services will also result in the end of tenure for Nokia CEO Stephen Elop. After the completion of the deal, CEO Stephen Elop is to step down to become Executive VP of Devices & Services, and should join Microsoft (If he choses to do so).
The shift in rank should minimize any perceived conflict of interest during Elop’s transition: Nokia says.
Chairman of the Board Risto Siilasmaa will assume an interim CEO position while the company looks for a permanent replacement for Elop. Meanwhile, key Nokia executives Jo Harlow, Chris Weber, Juha Putkiranta and Timo Toikkanen are also expected to follow Elop to Microsoft, Executive VP of Design Marko Ahtisaari plans to step down on November 1st, and will leave the company on November 30th to once more become an entrepreneur. Having said that, Microsoft is getting most of the cellphone industry’s better known leaders all together, should they head down Google-rola’s Path.