Nokia searching for new CEO to replace Olli-Pekka KallasvuoAlex Wagner - Senior News Editor
While Nokia is still a major player in the cell phone industry thanks to large sales numbers overseas, it's no secret that the company has had a hard time keeping up with others in North America like Google and Apple. If a Wall Street Journal report is true, Nokia may be looking to revive itself with an executive shake-up. WSJ believes that Nokia is searching for a new Chief Executive Officer to replace Olli-Pekka Kallasvuo. The reason for the change is believed to be both investor confidence and the company's falling stock prices.
Nokia has definitely been struggling to keep up with devices like the iPhone and DROID recently. While the company's new N8 may help to reverse the trend, it's not going to be able to bring Nokia to its former glory on its own. Hopefully a new CEO will help to breathe life into Nokia and help them to better compete in the rapidly changing U.S. mobile market.
Via Engadget, Wall Street Journal