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September 10, 2010

Nokia grabs Microsoft’s Stephen Elop as President and CEO

Posted by David Hunter at 1:08 PM ET.

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.

Filed under Coopetition, Employee Retention, Executives, General Business, Microsoft, Nokia, Stephen Elop, Steve Ballmer

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One Response to “Nokia grabs Microsoft’s Stephen Elop as President and CEO”

  1. Microsoft Business and Entertainment Divisions fracture with 3 new presidents | Microsoft News Tracker Says:

    [...] ostensibly to fill the voids left by the departures of Robbie Bach (Entertainment and Devices) and Stephen Elop (Business). However, it mostly looks like the temporary scheme which had the former direct reports to the [...]

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