Nokia picks new President and CEO

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okia in terms of profit has been losing ground to rivals in the fast moving markets for smart phones. Mr. Stephen Elop who is currently in charge of Microsoft's Business Division will take reigns of Nokia on 21 September as President and CEO. He will be replacing Olli-Pekka Kallasvuo (OPK) who has done a good job over his thirty years at Nokia and championed some great products from Nokia, but now is the time to get the company back on track to more success and a fresh leader is probably what they needed to get things kicked off.