Can Stephen Elop revive Nokia?
Nokia has hired Microsoft's Stephen Elop as its new CEO. Can the Finnish manufacturer recover ground lost to Apple and Google - and how bad are things at the company anyway? Mr Elop, the head of Microsoft's Business Division, will take over as Nokia chief on September 21, the company said in a statement on Friday. Nokia, the Finnish telecoms giant, has named senior Microsoft executive, Stephen Elop, as its new chief executive and president, replacing Olli-Pekka Kallasvuo. Mr Kallasvuo will resign his position on Nokia's board of directors, but continue to chair the Board of Nokia Siemens Networks in a non-executive capacity. "The time is right to accelerate the company's renewal; to bring in new executive leadership with different skills and strengths in order to drive company success," said Jorma Ollila, Nokia's chairman and former chief executive. Speculation over the potential departure of Mr Kallasvuo has been rife this year, as the world’s largest mo