Wednesday, May 4, 2011

Nokia Corp. (NYSE:NOK) Could Lose Chairman

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Nokia Corp. (NYSE:NOK)’s chairman is expected to leave office next year. Nokia Corp. (NYSE:NOK) Could Lose Chairman It has been reported that Nokia Corp. (NYSE:NOK)'s long-time leader, Jorma Ollila, will quit by next year. Ollila, a global star during the dot-com era, led Nokia Corp. (NYSE:NOK)’s transformation from a rubber boots and TVs conglomerate into a giant mobile phone company in the 1990s. Ollila joined Nokia in 1985, was chief executive between 1992 and 2006 and has been chairman since. Nokia Corp. (NYSE:NOK) recently lost out in the smartphone market to newcomers Apple Inc and Google Inc. under his leadership. Nokia Corp. (NYSE:NOK), the world’s largest phone maker by volume, has already begun the search for a new chairman to succeed Jorma Ollila. Nokia Corp. (NYSE:NOK) stocks are currently standing at 9.31. Price History Last Price: 9.31 52 Week Low / High: 7.73 / 12.11 50 Day Moving Average: 8.63 6 Month Price Change %: -11.7% 12 Month Price Change %: -24.0%



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