The transition also follows Nokia's $2.3 billion acquisition of U.S.-based Infinera to capitalize on data center investments. Lundmark will remain as an advisor to Hotard until year-end.

Nokia is not undertaking a process to replace President and CEO Pekka Lundmark, the company told Reuters on Thursday, denying an earlier Financial Times report saying it is looking for a new chief ...

The growth around Artificial Intelligence (AI) has been a key reason for Nokia’s excitement around data center ...

Nokia Corporation Inside information 10 February 2025 at 08:00 EET. Inside information: Nokia announces a leadership transition– Justin Hotard appointed as successor to Pekka Lundmark. Nokia ...

Nokia Inc. (NYSE:NOK) revealed a change in leadership as its President and CEO, Pekka Lundmark, is set to step down from his role. His replacement, Justin Hotard, is set to assume the position of ...

Lundmark, who initially stabilized the company, has faced criticism for failing to boost revenues. Despite restructuring efforts and cost-cutting measures, Nokia’s sales remain lower than they ...

Nokia's share price rose two percent to 4.76 euros ($4.92) on Monday in midday trading. When Lundmark took over as the company's CEO in 2020, Nokia's share price was at around four euros, Riikola ...

Nokia CEO Pekka Lundmark likes to talk about digital-physical fusion, predicting we’ll implant a lot of technology in our bodies. Lundmark knows about disruption.

Nokia (NYSE: NOK) on Thursday responded to media reports that claimed the company is searching for a new candidate to replace top boss Pekka Lundmark and said it is instead doing "periodic ...

Nokia chief executive Pekka Lundmark (L) stands next to chairwoman Sari Baldauf (C) and his successor Justin Hotard (R), the head of AI at Intel ...

Nokia chief executive Pekka Lundmark (L) stands next to chairwoman Sari Baldauf (C) and his successor Justin Hotard (R), the head of AI at Intel ...