Nokia Oyj will replace Chief Executive Officer Pekka Lundmark with Intel Corp.’s recently appointed head of artificial intelligence Justin Hotard in a surprise announcement as the network ...

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US ...

Justin Hotard will replaced Pekka Lundmark as CEO of Finnish telecoms company Nokia on April 1. Hotard is currently the EVP and general manager of Data Center & AI Group at Intel.

Nokia President and CEO Pekka Lundmark steps down after 4.5 years; Intel Data Center & AI exec Justin Hotard will replace him ...

Nokia (NYSE:NOK) on Thursday responded to media reports that claimed the company is searching for a new candidate to replace top boss Pekka Lundmark and said it is instead doing "periodic ...

Pekka Lundmark sees opportunities for the Finnish communications company to grow in defense and data centers. Bloomberg. Nokia CEO on Why He Wants to Put 5G in Soldiers’ Backpacks.

Lundmark was appointed as Nokia's CEO in 2020. "The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him," Nokia said in a statement to Reuters.

In 2023, Pekka Lundmark has received annual salary of 3,738,560 euros as compared with 4,316,606 euros in 2022. Pekka Lundmark did not even look for a salary increase in 2023.