Espoo, Finland - September 3, 2013, Espoo, Finland - Nokia announced that its president and CEO Stephen Elop resigned from the board of directors and that Risto Siilasmaa will assume an interim CEO role and continue to serve as chairman.
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Mr. Elop will become Executive Vice President, Devices & Services. He was appointed to the board in 2011. He was the President of Microsoft Business Division and member of senior membership team of Microsoft Corporation, a Chief Operating Officer at Juniper Networks, President of Worldwide Field Operations atAdobe Systems, and as President and CEO at Macromedia Inc.
Mr. Elop earned a bachelor's degree in Computer Engineering and Management from McMaster University in Hamilton, Canada and was subsequently awarded an honorary Doctor of Laws degree.
Mr. Siilasmaa is a board member since 2008, Chairman since 2012, and he also serves as the Chairman of the Corporate Governance and Nomination Committee.
Mr. Siilasmaa was the President, CEO, and Chairman of the Board of Directors of F-Secure Corporation, member of the Board of Directors of Mendor, and Vice Chairman of the Board of Directors of The Federation of Finnish Technology Industries. He is also a member of the Board of Directors of The Confederation of Finnish Industries (EK).
Mr. Siilasmaa served as the Chairman of the Board of Directors of Elisa Corporation where he is a member of the Board of Directors. He has Master of Science (Eng.) degree from the Helsinki University of Technology.
The company also announced that Timo Ihamuotila becomes President of Nokia for the interim period while also continuing to serve as CFO and will assume the responsibility of chairing the Nokia Leadership Team.
Mr. Ihamuotila is broadly responsible for financial issues, including investor relations, mergers and acquisitions, business improvement, treasury and indirect sourcing. He has been a member of the Nokia Leadership Team since 2007, and was appointed to his current position in November 2009.
Mr. Ihamuotila joined Nokia in 1993 as a manager in the Dealing and Risk Management unit. In 1999, after three years away, he rejoined Nokia as Director of Corporate Finance, and the following year was named Vice President, Finance, and corporate treasurer.
In 2004, Mr. Ihamuotilahe was appointed Senior Vice President of Nokia's CDMA business, based in San Diego, California. In 2007, he was appointed Executive Vice President of sales and portfolio management in Mobile Phones, and was named Nokia's head of global sales the following year. He also serves on the board of Nokia Solutions and Networks.
Before joining Nokia, Mr. Ihamuotila worked as an analyst for Kansallis Bank in Helsinki and for Citibank as Vice President of Nordic derivates sales. He holds graduate degrees in economics and finance, having completed all doctoral courses in finance at Helsinki School of Economics.
The company also announced that Marko Ahtisaari has decided to step down from the Nokia Leadership Team and his position as Executive Vice President, Design, effective November 1, 2013.
Mr. Ahtisaari has lead the team since 2009. Before re-joining Nokia, he was CEO and co-founder of Dopplr, Head of Brand & Design at Blyk, and he served at Nokia as Director of Design Strategy and held roles in corporate strategy and venturing. ■