Nokia has appointed a new CEO, Justin Hotard, replacing the current CEO, Pekka Lundmark, who has been in the position since 2020. Hotard previously served as the Head of Data Centers and AI at Intel and has a background working with HPE.
Sari Baldauf, the Chair of Nokia’s Board, expressed gratitude to Lundmark for successfully leading the company through challenging times and stabilizing its network equipment business. She believes Hotard’s experience in data centers and AI will drive Nokia’s growth in the upcoming phase focusing on this area.
TLDR: Nokia announces Justin Hotard as the new CEO, succeeding Pekka Lundmark. Baldauf acknowledges Lundmark’s leadership and looks forward to Hotard’s expertise in data centers and AI driving Nokia’s future growth.
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