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Nokia CTO Richard Green
Takes leave of absence, possibly a permanent one

It's been nearly eight months since we last reported a major Nokia executive's defection from the struggling company — after a string of them [1 2 3]. But the brief lull doesn't make today's news about the possible resignation of Nokia's chief technology officer any better for the Finland-based handset manufacturer.

According to Reuters, Nokia CTO Richard Green took a leave of absence and was unlikely to return over disagreements with the company's management decisions, namely ditching MeeGo in favor of Windows Phone.

A spokesperson told Reuters that Henry Tirri, head of Nokia Research Center, will be the acting CTO in the interim, and would not confirm whether or not Green was gone for good (only that he'd taken a leave of absence).

Meanwhile, Nokia's struggles have prompted speculation that the company is a target for takeover by another company. Nokia CEO Stephen Elop dismissed those rumors as "baseless," saying the company was not for sale.

Nokia's troubles in the market appear to be accelerating, too. Last week, the company warned its second quarter results would be far below earlier forecasts, and the S&P cut its debt rating for Nokia, placing it on CreditWatch. This was after Fitch ratings agency placed Nokia's bonds one notch above junk grade.

"I think that this ... will confirm to the most skeptical people that Nokia can never make a turnaround," Strand Consult Head John Strand told Reuters. "The victim here is again the shareholder."

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RE: Thats what happens...
By nikon133 on 6/9/2011 10:50:22 AM , Rating: 5
Just another exec who had all the resources and excellent starting point to keep Nokia at the top of the game... But failed miserably.

Honestly, I think it will work nicely for Nokia to refresh their executive blood, considering that current blood was not able to lead what was the most successful mobile phone company. All these people leaving Nokia today are people who failed to cash in MeeGoo and stayed for ever with "safe", slow-death Symbian, missing so many opportunities and almost killing Nokia.

I would send them off anyway. I don't know if it is too late to save Nokia or not, but either way, I'd never have faith in those guys to pull it over.

RE: Thats what happens...
By Castaway on 6/11/2011 11:08:43 AM , Rating: 2
Rich Green worked for Nokia for just over a year, and was a strong MeeGo/Qt proponent. He didn't belong to old guard. He was part of the "fresh blood" brought in by Olli-Pekka Kallasvuo only last year.

What comes to the partnership in general, it's clear to anyone following the news who's the one pulling the strings. Nokia is just playing the part of the puppet. The most blatant evidence of this was the WP announcement way before any devices were scheduled to be released, which is now rapidly strangling Nokia's smartphone business. I wonder if MS thought if the timing of the announcement would be detrimental to their new partner.

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain

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