Nokia’s Boss Ollila To Step Down

Nokia’s CEO Jorma Ollila will step down next year as the Finnish firm fights to protect its position as the world’s largest mobile phone maker. He will be replaced by Olli-Pekka Kallasvuo on 1 June, 2006.
Analysts welcomed the change, saying that despite the 54-year-old’s performance the company was in need of some new momentum.

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