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Latest Olli-Pekka Kallasvuo Stories

10,000 Jobs To Be Cut At Nokia As It Struggles In Smartphone Market
2012-06-14 10:53:11

John Neumann for redOrbit.com In a move to slash costs and streamline operations, Finland-based Nokia announced today the cutting of 10,000 jobs worldwide by the end of next year, including research and development projects in Ulm, Germany, and Burnaby, Canada. A statement from the company said they will close the bulk of its core manufacturing plant in Salo Finland, where it will only maintain research and development operations, reports Matti Huutanen for the Associated Press (AP)....

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2011-02-07 12:21:08

Nokia's E7 smartphone will make its debut this week as the world's largest phone maker tries to recover ground it has lost to Apple and Google. Nokia postponed the rollout of the top-of-the-line E7 in December "to ensure the best possible user experience." The E7 is similar to its N8 model but features a full slideout keyboard.  The N8 was also delayed from its original launch date due to power problems. The N8 and E7 are flagship models for the new version of Nokia's Symbian software....

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2010-09-14 12:01:23

Nokia unveiled new smartphones this week in order to try and compete with Apple's iPhone and Research in Motion's BlackBerry. Nokia introduced the three new devices at its annual showcases conference. "Nokia is back!," the company's sales chief, Niklas Savander, said during the opening of Nokia World in a speech peppered with references to Nokia's competitors. Nokia controls about 40 percent of the world's smartphone market and sells about one in three of all phones.  The new models...

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2010-09-10 13:59:29

Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, has been hired by Nokia to replace its chief executive officer in order to compete better with Apple in the smartphone market. Nokia said Olli-Pekka Kallasvuo, who headed Nokia for four years, would hand over the company to Elop on September 21.  Elop has risen rapidly over the past five years from chief executive of San Francisco Web software maker Marcromedia to chief operating officer of Juniper Networks...

2010-09-10 01:04:00

ESPOO, Finland, September 10, 2010 /PRNewswire-FirstCall/ -- Nokia's (NYSE: NOK) Board of Directors has appointed Stephen Elop President and Chief Executive Officer of Nokia as of September 21. Elop currently heads Microsoft's Business Division. Before joining Microsoft, Elop held senior executive positions in a number of US-based public companies, including Juniper Networks, Adobe Systems Inc. and Macromedia Inc. He holds a degree in computer engineering and management from McMaster...

2010-05-11 06:30:00

ESPOO, Finland, May 11, 2010 /PRNewswire-FirstCall/ -- To increase competitiveness and deliver a stronger and more differentiated consumer experience, Nokia will introduce a simplified company structure for its devices and services business comprised of three units: Mobile Solutions, Mobile Phones and Markets. Effective July 1, 2010, the move aims to accelerate product innovation and software execution in line with the company's goals of integrating content, applications and services into...

2010-05-06 12:10:00

HELSINKI, Finland, May 6, 2010 /PRNewswire-FirstCall/ -- The Annual General Meeting of Nokia (NYSE: NOK) Corporation held on May 6, 2010 (the AGM) resolved to distribute a dividend of EUR 0.40 per share for 2009. The dividend ex-date is May 7, 2010 and the record date May 11, 2010. The dividend will be paid on or around May 25, 2010. Board and Committee members elected The AGM resolved to elect ten members to the Board. The following members of the Nokia Board were re-elected for a...

2010-05-06 07:49:00

HELSINKI, Finland, May 6, 2010 /PRNewswire-FirstCall/ -- Nokia (NYSE: NOK) has built a solid foundation for future success, CEO Olli-Pekka Kallasvuo told shareholders Thursday. "By combining services with devices, Nokia is in a stronger position to grow and create more value for our shareholders," Kallasvuo said. "We still have plenty of work to do, but we have built a solid foundation. We believe in our strategy." Nokia's strategy is based on the vision of a future that is...

2010-01-28 06:22:00

ESPOO, Finland, January 28 /PRNewswire-FirstCall/ -- Nokia (NYSE: NOK) announced today that its Board of Directors has resolved to convene the Annual General Meeting on May 6, 2010 and that the Board and its Committees will submit the below proposals to the Annual General Meeting. - Proposal to pay a dividend of EUR 0.40 per share - Proposals on the Board composition and remuneration - Proposals to authorize the Board to repurchase and issue shares - Proposal to amend...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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