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Nokia CEO Facing Troubled Waters

Posted on April 30th, by Evan Selleck in archive. No Comments

Apparently, it’s not all good news for Nokia today. Maybe the shareholders haven’t seen the recent IDC release? Or, if they have, they must be really frustrated, because there’s a few grumblings today coming out of the depths of Finland that the company’s Chief Executive is facing some very, very hard-to-please individuals soon. And, unfortunately, it may not turn out too well for him in the end.

Olli-Pekka Kallasvuo has spent more than half of his life with the same company, and now he resides at its top spot. But, if this recent report from Reuters is to be believed, then it sounds like he may not be in the seat for too much longer. The report says that, due to stock prices and the fact that Nokia will be one of the only companies to miss 2010’s economic growth, the shareholders have reached an all-time high with their frustration. Ultimately, that could mean Kallasvuo is on the way out soon.

However, it should be noted that with the launch of Nokia’s last “hit” smartphone, back in 2006, that was the year Kallasvuo took the seat of CEO, so maybe he has one last-hit wonder up his sleeve. Because it looks like not only his company, but he needs it as well. As soon as we hear more, we’ll pass it along.

[via Reuters]