Stephen Elop, Microsoft Exec, Replaces Kallasvuo As Nokia CEO

September 10th, 2010 | Posted by Global Investors

HELSINKI — Nokia Corp. will replace CEO Olli-Pekka Kallasvuo with top Microsoft executive Stephen Elop as the world’s largest mobile phone maker struggles to keep pace with smaller and more innovative rivals, particularly in the smartphone market.

Elop, head of Microsoft’s business division, has held top posts at Juniper Networks Inc., Adobe Systems Inc., Macromedia Inc., and, as a systems executive, Boston Chicken Inc.

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