Ollila will take up his new role on 1 June next year and will be responsible for restructuring the company around new projects in the years ahead. Ollila was due to stay on as chairman of Nokia but this role is now in doubt.
"Jorma will be an excellent chairman," said Jeroen van der Veer, Shell's chief executive. "He comes to us with a wealth of valuable experience and an excellent record of success. We are sure that we have found the best person for the job."
Ollila spent 20 years at Nokia after working for the banking industry in Finland. He is credited with reorganising Nokia and putting it in position to overtake Motorola as the world's biggest handset manufacturer in the late 1990s.
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