Nokia Will See Major Changes On Its Directorial Board, Chairman To Step Down After Its Annual General Meeting

Posted on Jan 26 2012 - 3:23pm by Editorial Staff

With the already financials shaking results of Nokia today, the Finnish company will see some major changes on its directorial board, after its Annual General Meeting in a few months. Nokia Board Chairman Jorma Ollila and Nokia Board members Bengt Holmström and Per Karlsson have informed that they will no longer be available to serve on the Nokia Board of Directors.

Mr Ollila joined Nokia in 1985 and served as the President and CEO of the company 1992-1999 and Chairman and CEO 1999-2006. He has been Nokia Board member since 1995 and the Chairman of the Board since 1999. Mr. Holmström has been Nokia Board member since 1999 and Mr Karlsson has been Nokia Board member since 2002.

In addition, the Committee will propose that Bruce Brown, Chief Technology Officer, Procter & Gamble Company, Mårten Mickos, CEO of Eucalyptus Systems, Inc., and Elizabeth Nelson, Independent Corporate Advisor, be elected to Nokia Board of Directors for the same term.

Nokia earlier this month proposes to get itself a new chairman, with Risto Siilasmaa. Nokia’s current Chairman Jorma Ollila said at the time, “the Nomination Committee will meet later this month to decide on its proposal for a new board chairman.”

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