Nokia CEO Olli-Pekka Kallasuvo being replaced to soothe frustrated investors?
Well, here’s a surprise: Reuters says Nokia might consider replacing CEO Olli-Pekka Kallasuvo in order to please unhappy shareholders who don’t see the cellphone giant effectively competing in the smartphone market. The report is mostly based on analyst chatter and doesn’t provide any hard sources, but we’ve certainly seen analysts swarm around blood in the water like this in the past, so it’s not totally out of the question — especially given core concerns about Symbian^3 delays, stagnant profit growth, and (uh oh) competing against the iPhone. What’s more, OPK pledged to build up Nokia’s US presence when he took over, and he’s obviously failed to deliver on that promise — US marketshare has fallen from 20 percent to 7 percent, prompting one analyst quoted in the Reuters piece to wonder if “Nokia really has the desire to fix the problem.” Ouch. That’s a lot of big questions with no easy answers — OPK is scheduled to speak to shareholders next week, we’ll see what he has to say. Nokia CEO Olli-Pekka Kallasuvo being replaced to soothe frustrated investors? originally appeared on Engadget on Fri, 30 Apr 2010 11:25:00 EST. Please see our terms for use of feeds . Permalink ? ?|? Reuters ?|? Email this ?|? Comments
View post….
Related posts:
- Nokia said to be launching E7 smartphone next week Well, it looks like the mystery of Nokia's Symbian^3...
- Nokia N900 Maemo / MeeGo dual boot ‘will come at some point,’ but not next firmware Quim Gil of Nokia's Maemo team has dropped some...
- Keepin’ it real fake, part CCVIII: Nokia E75 isn’t a Nokia E75 Usually we see these Nokia knockoffs as Noklas or...
- Video: Nokia N900 used to control British art installation The new Nokia N900 is only a week old,...
- Ultra-limited edition Nokia N97 mini RAOUL launched for Nokia Singapore Nokia's teamed up with fashion house RAOUL for a...
Related posts brought to you by Yet Another Related Posts Plugin.