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Nokia today announced the appointment of Stephen Elop, currently the President of Microsoft’s Business Division (i.e. mostly Office), as their new president and CEO starting September 21. Nokia needed a change since they have been left as far behind in the smartphone race as Microsoft, but observers are skeptical if Elop is the right man for a tough job (similar thoughts here).
As for Microsoft, no replacement has been named and now Steve Ballmer has two major Microsoft businesses reporting directly to him, the Business Division and the Entertainment & Devices Division.
There was quite a surprise today as Microsoft announced that Jeff Raikes, president of the Microsoft Business Division (MBD) will be retiring in September and the replacement is Stephen Elop, current COO of Juniper Networks and former CEO of Macromedia before it was acquired by Adobe:
