The board of directors of the Finnish-based phone maker Nokia will propose Risto Siilasmaa as its next chairman after its long-time leader, Jorma Ollila, steps down in May, the Helsingin Sanomat newspaper said, citing unnamed sources.<\/p>\n
Siilasmaa, 45, has been a Nokia board member since 2008 and is best known as the founder and the chairman of software security company F-Secure and as an active angel investor. He also chairs the board of Finnish telecom operator Elisa.<\/p>\n
The paper on Thursday said the board’s nominating committee wants to choose the chairman from the current Finnish board members. Chief executive Stephen Elop, the first non-Finn to run the company, has recently underlined Nokia’s Finnish roots after fears it would move its headquarters out of the country.<\/p>\n
Other Finnish members in Nokia’s board are Stora Enso’s CEO Jouko Karvinen, Sampo chief executive Kari Stadigh and Massachusetts Institute of Technology professor Bengt Holmstrom.<\/p>\n
Nokia declined to comment the report.<\/p>\n
A shareholder meeting will decide Ollila’s successor in May 3. The board is expected to publish its proposition of the new board on Jan 26 after Nokia’s fourth-quarter earnings report.<\/p>\n
Jorma Ollila, 61, led Nokia’s transformation from a rubber boots and TVs conglomerate into a giant mobile phone company in the 1990s, but in the recent years the company has struggled in the smartphone market.<\/p>\n","protected":false},"excerpt":{"rendered":"
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