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“‘The time is right to accelerate the company’s renewal,’ Nokia’s Chairman Jorma Ollila said in a statement. ‘The Nokia Board believes that Stephen has the right industry experience and leadership skills to realize the full potential of Nokia,'” Lawton and Sandstrom report. “Mr. Elop, the 46-year old head of Microsoft’s business division, is scheduled to start on September 21.”
“‘My role as leader of Nokia is to lead this team through the period of change, take the organization through this period of disruption…to meet the needs of its customers, while delivering superior financial performance,’ Mr. Elop said at a news conference in Helsinki,” Lawton and Sandstrom report. “Mr. Elop’s main task will be to develop a credible challenger to Apple Inc.’s iPhone, something Mr. Kallasvuo failed to achieve during his four-year tenure. Many analysts feel that Nokia was caught flat-footed by the iPhone’s success and blame its weakness in smartphones for shaving about 70% off [about US$90 billion] of Nokia’s market value over the past three years.”
Read more in the full article here.
MacDailyNews Take: Clueless. In fact, Alicia Silverstone would have a better chance of turning Nokia around.
Crome the frying pan into the fire, hahahahaa
The name has already turned upside down and he is now called Stephen Flop. All this within a day =|
One step up from Elop must be Flop!!
Logical move. If this guy can create the enuz. He can save Nokia. Yeah, right.
In one move the average IQ of both companies just went up.
I heard Paris Hilton was going to be second in charge. That might help Nokia to better position itself in the market.
After Microsoft’s incredible success in the smartphone sector, that’s he first place I’d look for someone to revive Nokia’s smartphone plans.
Clue, all of Nokia’s future smartphone plans will revolve around Windows Phone 7. The poor bastards.
Why not just hire Ballmer? Sheesh. Did some elected Nokiatard sit in the boardroom and say “Hey team, we need to hire THE BEST.. (the team in silence) There’s only one person that has the wisdom, foresight, and creativity to crush Apple and return Nokia to it’s glory days of cheap flip-phone world dominance…Stephen Elop!” (board room still silent).
I initially read Stephen Flop, I know cheap-shot, but accurate, I mean a microsoftie?
Will last one year, I call iCal.
Yes, because former Microsoft executives clearly have the requisite experience to make for a successful Smartphone business. Very logical.
Good luck Elop. Better make sure your reserve chute works.
Look for the Nokia Kin 3 in early 2011!
…as the world’s largest handset maker seeks to reverse steep declines in earnings and market share that have decimated its share price,\…
Did this morons not look at Microsoft’s market cap over the past couple of years???
Nokia puts the B back in dumb.
Fire the clueless and hire the dumb, and clueless.
It’s not about building a phone to compete with the iPhone anymore to out play Apple and get a leg up you’ll have to reinvent the smartphone idea all over again. Anyone can put out a knock-off but a knock-off it’s going to pull any cell phone maker out of it hole for long it at all. As Nokia hired a former Microsoft spud, look for future Nokia smart phones to be using Windows Phone 7 and not Nokia’s Symbian OS. After all Elop’s first loyalty is to Microsoft and not Nokia. One of Elop’s first big Act’s will be signing an exclusive multi-year multi-billion dollar deal with Microsoft to provide Windows Phone software to Nokia for all of it’s future smart phones. The contract will require Nokia to play for a Windows Phone License even on phones shipped with Nokia’s own Symbian OS installed.
Elop might last 6 months at Nokia before they replace him too.
Did you ever click to send your MDN message and then see the grammar mistake and watch helplessly as it rides off into the ether?
Lets see, “My role as leader of Nokia is to lead this team through the period of change, take the organization through this period of disruption…to meet the needs of its customers, while delivering superior financial performance,”
means milking more money from our unsuspecting customers… without really giving them what they want…..
or is that just me…
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Just a thought,
en
No turn around, gauranteed. His role as leader of Nokia will be to further decimate stock prices. Microsoft can’t even make a smartphone, what makes them Elop can do any better? What a truly foolish mistake.
‘The time is right to accelerate the company’s renewal,’ Nokia’s Chairman Jorma Ollila
You can’t accelerate what ain’t there.
If the Chairman thinks renewal is already happening, well…., never-mind.
The first job of a leader is to define reality. These guys are completely divorced from reality.
So I guess Ballmer wasn’t available?
Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha, Ha!!
Woowwww. I wonder how the board of directors at Nokia thinks.. if they think.
They fired the person that put them as #1 in the world (even that they are declining) and put a CEO that belong to a company that the only thing they do is to COPY from other companies and his company has declined progressively losing money and firring people (Microsoft fires 5000 people and also ask for government help).
This is very interesting and shows you how nokia is more than lost in the market.
I guess Michael Dell wasn’t available, yet.
They should have hired one of the best three out there. Enderlenut, Thurotted and Dvwhorhack! lol
If your primary objective as CEO is to “…[deliver] superior financial performance…,” then you are missing the forest for the trees.
Apple and SJ have shown that the surest path to profitability is creating “insanely great products.” If you focus on building, supporting, and evolving these products as part of a coherent consumer-centric plan, then the profits – insanely great profits – will follow. The whole Apple team from Cupertino to each of the Apple Stores deserves credit for the success of the implementation. SJ and his management team deserve the credit for the vision, leadership, and guts to walk the difficult path rather than taking the easy way out.
With weak leadership at Apple, Mac OS X would have become, at best, the new “PS2” on Dell-type PC boxes (before it died away like PS2) and the iPod and its descendants, the iPhone and iPad, would never have seen the light of day. Two highly divergent paths from a common starting point.
Beautiful weather for a cruise. Look at all these lovely deck chairs, all in a row…
Their strategy was either hire a Xerox machine or get someone from MS (next best thing). They must have figured the MS guy used less energy.