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HELSINKI: Finnish telecommunications equipment giant Nokia said Friday it had named senior Microsoft executive, Stephen Elop, as its new chief executive and president, replacing Olli-Pekka Kallasvuo.
Kallasvuo would also resign his position on the Nokia Board of Directors, but continue to chair the Board of Nokia Siemens Networks in a non-executive capacity, it said.
"The time is right to accelerate the company's renewal; to bring in new executive leadership with different skills and strengths in order to drive company success," former CEO and Board Chairman Jorma Ollila said in a
statement.
-AFP/wk
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