Jorma Ollila, the man seen as transforming Nokia into the world’s leading mobile phone vendor, is to step down as chairman and chief executive in June 2006.
His role will be taken by the head of mobile business, Olli-Pekka Kallasvuo, who becomes president and COO in October, eventually becoming president and CEO in June 2006. He has 20 years experience with the company.
Nokia's current President, Pekka Ala-Pietila, will resign to pursue personal interests. He will take on the role of executive advisor as of October 1 and leave Nokia on February 1, 2006.
Jorma Ollila is expected to continue as non-executive chairman.
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