Microsoft's acquisition of Nokia's Devices & Services business has more implications for Nokia than you might suspect at first glance. In the wake of the deal, Nokia CEO Stephen Elop is stepping down to become the Executive VP of Devices & Services, and should join Microsoft once the acquisition closes. The move is intended to minimize any perceived conflict of interest, Nokia says. Nokia Chairman of the Board Risto Siilasmaa will assume an interim CEO position while his company looks for a permanent replacement for Elop. Meanwhile, key executives Jo Harlow, Chris Weber, Juha Putkiranta and Timo Toikkanen are also expected to follow Elop to Microsoft; Executive VP of Design Marko Ahtisaari plans to leave the company on November 30th to become an entrepreneur.
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Filed under: Cellphones, Mobile, Nokia
Source: Nokia
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