Nokia’s Board Room Shuffle Continues as Two More Executives Step Down
More changes in Nokia’s executive line-up, with the departure of Anssi Vanjoki, a board member of the mobile manufacturer. Jorma Ollila, Nokia’s board chairman, may be stepping down as well. The news comes days after Nokia swapped out CEOs, bringing in Stephen Elop as its first non-Finnish chief.
Vanjoki oversaw the N series line of smart phones at Nokia, while Ollila’s presence at the company from the mid-1990s ushered in a wave of success. “I felt the time has come to seek new opportunities in my life,” said Vanjoki in a released statement. “At the same time, I am 100 percent committed to doing my best for Nokia until my very last working day.”
The move is indicative of vast changes at Nokia, with a need for some board members to also reflect the new perspective and direction of the company. The introduction of a new CEO can be a major upheaval to a company, and given the smart phone industry’s rapid evolution, it’s also important for Nokia to keep its objectives, and executives, aligned.
While Nokia is a global leader in smart phone manufacturing and platforms, the company has struggled this past year to keep up with Apple and the success of the iPhone. Nokia is under the growing threat of losing even more ground to Android, which recently snuck behind Nokia as the second most-used mobile operating system. Nokia’s shares dropped starkly last year, prompting the company to make some hard-hitting decisions.
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