Nokia Stock Rises

Intel’s AI Chief Leaves to Run Nokia After a Year on the Job
Nokia Oyj will replace Chief Executive Officer Pekka Lundmark with Intel Corp.’s recently appointed head of artificial intelligence Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from phone operators.
Nokia Stock Rises After Intel AI Chief Named New CEO
Justin Hotard, Intel’s head of data-center and AI operations, is leaving to head up Nokia. Shares of the telecom-gear maker rallied over 2% in Europe; U.S.-listed Intel shares edged higher premarket.
Nokia names Justin Hotard as new CEO
Finland's Nokia on Monday said its CEO Pekka Lundmark would step down and that it had appointed Justin Hotard to take over his role.
Nokia changes CEO; Intel data center chief takes over
Nokia has announced that CEO Pekka Lundmark will step down. He took up the position in 2020. He will be replaced by Justin Hotard, who is currently Intel’s Chief Data Center Officer and has previously held executive positions at technology companies such as Hewlett Packard Enterprise and NCR Corporation.
Nokia names Intel's AI data center lead Justin Hotard as new CEO
Nokia has appointed Intel data center executive Justin Hotard as its CEO to replace Pekka Lundmark, who is stepping down. The telecoms vendor announced on Monday that Hotard will take up his new role on April 1, 2025. He currently leads the data center and AI unit at US chipmaker Intel.
Intel loses another top exec as Nokia poaches AI and data center chief as new CEO
“ [Hotard] has a strong track record of accelerating growth in technology companies along with vast expertise in AI and data center markets, which are critical areas for Nokia’s future growth," commented Sari Baldauf, Chair of Nokia’s Board of Directors.
Nokia appoints Intel AI exec as new CEO
Pekka Lundmark is stepping down as Nokia CEOHis successor is Justin Hotard, who is currently general manager of Intel’s Data Center and AI Group (DCAI)Finnish
Intel’s new data center chief leaves to run Nokia
His sudden exit leaves another top job vacant at Intel as the chipmaker continues a prolonged search for a new CEO.
Intel Loses AI Chief to Nokia. The Stock Is Rising.
The head of Intel’s artificial-intelligence operations is leaving to take the top job at Nokia, just months after former Intel CEO Pat Gelsinger abruptly retired from the company. Justin Hotard, the executive vice president and general manager of Intel’s Data Center and AI Group,
Intel Loses AI Chief to Nokia Just Months After CEO’s Departure
Chinese automaker Great Wall Motor and China's leading telecoms providers are integrating the AI model released by DeepSeek into their offerings, the latest Chinese companies look
Nokia CEO Lundmark to be replaced by Intel AI chief Hotard
Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at
Nokia picks Intel exec as first U.S.-born CEO as group pivots to AI boom
Nokia has hired its first CEO from America in a renewed pivot to AI designed to arrest years of low valuations and stagnant ...
Nokia replaces chief executive as it struggles to lift sales and share price
Nokia has appointed a top Intel manager to take over as its chief executive as the Finnish telecoms equipment maker struggles to come out of a decade of stagnating share price and revenue. Justin ...
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Hotard to succeed Lundmark at Nokia
Nokia has announced a leadership transition. Nokia’s President and CEO, Pekka Lundmark, has informed the Board that he will ...
Nokia taps in former Intel AI & data centre boss Justin Hotard as CEO, Pekka Lundmark to step down
The move comes as Pekka Lundmark, who has led the company since 2020, steps down following Nokia’s struggle with declining ...