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Nokia will name F-Secure founder as chairman

Risto Siilasmaa to be appointed this month
Thu Jan 05 2012, 13:10

FINNISH PHONE FIRM Nokia apparently is planning to name F-Secure founder Risto Siilasmaa as chairman by the end of the month.

Sources told Finnish newspaper the Helsingin Sanomat that Nokia's board of directors will publish its choice for its new chairman on 26 January. Siilasmaa is expected to succeed the Finnish company's incumbent chairman Jorma Ollila, who has confirmed that Nokia will appoint someone at the end of the month but has not said who.

He said, "To my knowledge, the Nomination Committee will meet to decide on its proposal for a new chairman of the board later this month at the meeting."

Siilasmaa is thought to be a front runner for the role because of his extensive mobile industry experience, including a stint as chairman of the board for Finnish mobile operator Elisa.

Ollila has been Nokia's chairman since 1999.

Nokia has been struggling of late due to plunging revenues and a lack of decent smartphones. The firm has launched its Lumia 800 phone, its first device as part of a strategic partnership with Microsoft, to quite a positive reception, but it still has some way to go before catching up with rival Samsung in the smartphone market.

We said in our Lumia 800 review that Nokia's comeback is off to a good start with the handset, but it might be more suited to business users.

Nokia said yesterday that it will move its Asia Pacific headquarters from Singapore to Beijing, China, in order to reduce costs and improve efficiency. µ


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