After the controversial resignation of HP CEO, Mark Hurd and his jumping to Oracle, here comes a BIG news to the technology/IT companies. Microsoft executive Stephen Elop will be replacing Nokia Corp. CEO Olli-Pekka Kallasvuo with its aim to regain lost share in the very competitive smart phone market.
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In 2005, Elop became CEO of Macromedia, maker of Flash software, just months before Adobe bought the company.He is a computer engineering and management graduate from McMaster University in Hamilton, Ontario, and also served as a systems executive at Boston Chicken, Inc.
Elop has played a role in the growing cooperation between Nokia and Microsoft in recent years. In 2009, Nokia launched its first laptop, a netbook with a 10-inch screen that runs on Microsoft's Windows 7 software. Previously, access to some of Microsoft's most popular Web services, such as Hotmail and instant messaging, have been built into Nokia phone models.
The 57-year-old Kallasvuo, who joined the company in 1982, will leave as president and CEO on Sept. 20. Elop will replace Kallasvuo on Nokia's board, though Kallasvuo will continue to chair the board of the Nokia Siemens Networks unit in a non-executive capacity. Nokia Siemens Networks, Nokia's joint venture with Siemens AG of Germany, makes networking equipment.
Will Nokia experiment on making Micorosft Mobile OS? Let's wait and see.