Nokia picks Intel exec as first U.S.-born CEO

Intel loses another top exec as Nokia poaches AI and data center chief as new CEO
Nokia CEO Pekka Lundmark is stepping down, with the company announcing a former Intel executive as his replacement.
Nokia picks Intel's AI and data centre leader Hotard as new CEO
Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.
Who is Justin Hotard, Nokia's new CEO replacing Pekka Lundmark? Details
Justin Hotard, who currently leads Intel's Data Center & AI Group as executive vice president and general manager, will take over the position on April 1.
Nokia CEO Pekka Lundmark to step down, Justin Hotard to succeed
Nokia (NOK) announced a leadership transition. Nokia’s president and CEO, Pekka Lundmark, has informed the board that he will step down. The
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 US chip-maker Intel.
Nokia Taps Intel's AI Executive As New CEO - Details
Nokia announces a leadership change. CEO Pekka Lundmark will step down in March 2025. Justin Hotard, with over 25 years of tech industry experience, will succeed him on April 1, 2025.
Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark
Espoo, Finland – Nokia today announced a leadership transition. Nokia’s President and Chief Executive Officer, Pekka Lundmark, has informed the Board that he will step down. The Board has appointed Justin Hotard as the next President and Chief Executive Officer of Nokia. He will start in his new role on 1 April 2025.
Nokia announces ex-Intel AI and data centre boss as new CEO
Nokia has shared that it has appointed a new chief executive officer (CEO), as the company attempts to venture more into the artificial intelligence market. View on euronews
Nokia Names Intel's AI, Data Center Head as New CEO
KEY TAKEAWAYS Nokia said Monday that it has appointed Intel’s Justin Hotard as CEO, replacing Pekka Lundmark, as the Finnish telecoms equipment maker looks to beef up its artificial intelligence business.
Nokia CEO Pekka Lundmark steps down
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.Hotard, who takes up the position on April 1, currently leads the Data Center & AI Group at Intel.
Nokia CEO Pekka Lundmark To Step Down In March 2025; Appoints Intel Executive Justin Hotard As CEO
President and Chief Executive Officer, Pekka Lundmark, will step down on March 31, 2025. The company has appointed
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 ...
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Lundmark out as Nokia targets AI and data centres for much-needed growth
This week, Nokia has announced that it has appointed Intel’s head of the data centre and artificial intelligence group, ...
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Nokia makes leadership changes amid declining sales
Nokia on Monday announced a leadership change in a bid to rejuvenate its business amidst declining sales.The Finnish telecoms equipment maker revealed that Pekka Lundmark will step down as CEO, with ...
Nokia stock maintains Outperform rating amid CEO change
James affirmed their Outperform rating on Nokia (HE:NOKIA) shares (NYSE:NOK), maintaining a $5.50 price target. The ...