Arab Today, arab today jorma ollila resigns
Last Updated : GMT 13:50:59
Arab Today, arab today
Arab Today, arab today

Nokia's Chairman

Jorma Ollila resigns

Arab Today, arab today

Arab Today, arab today Jorma Ollila resigns

Jorma Ollila
Helsinki - AFP

Jorma Ollila Helsinki - AFP Jorma Ollila, who has been Nokia\'s board chairman since 1999, stepped down Thursday, saying he regretted not leaving the Finnish mobile phone maker he has worked for the past 27 years in better shape. \"Every board chairman would like to be able to leave his successors a flourishing company. I would have hoped to do that,\" Ollila, who also served as Nokia\'s chief executive from 1999-2006, told the company\'s annual general meeting. Ollila, who remains board chairman at Royal Dutch Shell, had told shareholders a year ago he would resign at Thursday\'s meeting, so his departure came as no surprise. His successor, Risto Siilasmaa, who has been a Nokia board member since 2008 and is the founder of Internet security company F-Secure, was set to be voted in later Thursday at the meeting of some 3,300 of the company\'s shareholders. Nokia has been losing market share as it struggles to compete in the smartphone sector, and Samsung recently bumped it from the top world ranking in terms of total mobile phone sales, which it had held for 14 years. It announced disastrous first quarter results in April, posting a net loss of 929 million euros ($1.2 billion) as sales slumped 30 percent year-on-year. The company\'s chief executive Stephen Elop met criticism from some shareholders over the major restructuring he launched early last year and the phasing out of Nokia\'s Symbian smartphones in favour of a partnership with Microsoft. One shareholder pointed to the recent 100-year anniversary of the sinking of the Titanic, stressing that he hoped there would not be a similar memorial for Nokia a century or so from now. Elop, a Canadian citizen and a former Microsoft executive, insisted the partnership with Microsoft, which has produced a first line of Lumia smartphones, would pay off, but acknowledged more cost-cutting was ahead. He compared Nokia to Finnish long-distance runner Lasse Viren, who fell during the 10,000-metre final at the 1972 Olympics but jumped back onto his feet and ran on to take gold and break the world record. In his farewell speech, Ollila supported Elop and his restructuring efforts. \"The transition phase is really painful. There is no room for complacency,\" he said.

arabstoday
arabstoday

GMT 10:22 2017 Sunday ,15 October

ADNOC strengthens energy partnership

GMT 17:02 2017 Saturday ,14 October

IMF, Spain warn on economic growth

GMT 05:05 2017 Saturday ,14 October

Saudi Aramco considering ‘range of options’

GMT 07:46 2017 Friday ,13 October

Canada still optimistic for new NAFTA

GMT 19:45 2017 Thursday ,12 October

Economic reform results 'exceed expectations'

GMT 15:34 2017 Thursday ,12 October

IMF: 'Fluid' situation for banks

GMT 22:53 2017 Wednesday ,11 October

NBE ranked 1st among African banks

GMT 21:35 2017 Wednesday ,11 October

The New Administrative Capital...Facts
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jorma ollila resigns Arab Today, arab today jorma ollila resigns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jorma ollila resigns Arab Today, arab today jorma ollila resigns

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday