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The No. 1 phone maker is searching for a new CEO

Phone company Nokia is now on the hunt for a new CEO who will be tasked with helping turn the company around, even though it still controls 40% of the phone market.

Current CEO Olli-Pekka Kallasvuo has failed to transition the company as consumers steadily choose smartphones instead of regular mobile phones.  Nokia remains the No. 1 phone maker in terms of phones shipped, but has lost ground to Apple, Research In Motion, and other smartphone makers.

Kallasvuo has led Nokia since 2006, but was unable to secure a strong lead on the market before the iPhone was released one year later.  RIM also saw success with its line of BlackBerry smartphones seeing a migration from the corporate world to the consumer market.

Nokia hasn't made a public statement regarding a CEO shakeup, but a source told the 
Wall Street Journal that the company is "serious about making a change."  A final decision could be made by the end of the month.

At least two U.S. CEOs were approached for the Nokia position, but one said he is unwilling to move to Finland.

Nokia must try to battle back to relevancy by developing a more robust mobile OS and app store.  The Finnish company still supports its Symbian OS, but the newest version has been delayed -- but Nokia is working with Intel to develop the MeeGo OS.

The company still has a major presence in Europe and several emerging markets, though India and other markets eat into Nokia's profit margins.  However, analysts also said Nokia hasn't been able to create major innovations, which is why the company focuses on emerging markets.

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By Daniel8uk on 7/20/2010 4:14:53 PM , Rating: 0
Why look for American CEO's when they have a very large presence in Europe, best concentrate on what they do best and leave HTC, Apple et al to contend over the American market.

Is an American going to know about European lifestyles, nope, is he going to understand that the European way of thinking and thus how they buy their products, and also what products they are willing to buy is vastly different to that of the average American, nope.

They should keep doing what they do best which is produce extremely reliable and well built mobile phones, and then start to look at new avenues, like developing MeGo smart phones and application development infrastructure, perhaps looking at getting license agreements from big media companies for ventures like Hulu mobile, but for Europe, which will have a big attraction for the majority of customers.

Basically if you are going to market 90% of your products in America then by all means go for an American CEO who understands the American people (sort of), otherwise go after someone who has a history of working with, and among the people he will be selling to (Europeans!).

Ohh and don't get some dick like Bobby kotick to run your company.

RE: ...
By DanNeely on 7/20/2010 4:25:20 PM , Rating: 3
Perhaps they're going after a US CEO on the grounds that there's more room to expand their market-share here than in Europe; and that the existing board members can cover sustainment in the EU.

RE: ...
By alanore on 7/20/2010 4:32:41 PM , Rating: 2
They aren't looking specifically for an American, they are just looking for the best person for the job.

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