Nokia picks Intel exec as first U.S.-born CEO

Nokia picks Intel exec as first U.S.-born CEO as group pivots to AI boom
Nokia has hired its first CEO from America in a renewed pivot to AI designed to arrest years of low valuations and stagnant revenue growth. The Finnish telecoms group announced the appointment of Justin Hotard,
Nokia Hires Intel’s AI Executive as CEO in Push for Turnaround
Nokia Oyj said it was replacing Chief Executive Officer Pekka Lundmark with Intel Corp.’s Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from phone operators.
Nokia Stock Rises After Intel AI Chief Named New CEO
Justin Hotard, Intel’s head of data-center and AI operations, is leaving to head up Nokia. Shares of the telecom-gear maker rallied over 2% in Europe; U.S.-listed Intel shares edged higher premarket.
Nokia names Intel's AI data center lead Justin Hotard as new CEO
Nokia has appointed Intel data center executive Justin Hotard as its CEO to replace Pekka Lundmark, who is stepping down. The telecoms vendor announced on Monday that Hotard will take up his new role on April 1, 2025. He currently leads the data center and AI unit at US chipmaker Intel.
Nokia appoints Intel AI exec as new CEO
Pekka Lundmark is stepping down as Nokia CEOHis successor is Justin Hotard, who is currently general manager of Intel’s Data Center and AI Group (DCAI)Finnish
Nokia changes CEO; Intel data center chief takes over
Nokia has announced that CEO Pekka Lundmark will step down. He took up the position in 2020. He will be replaced by Justin Hotard, who is currently Intel’s Chief Data Center Officer and has previously held executive positions at technology companies such as Hewlett Packard Enterprise and NCR Corporation.
Who is Justin Hotard, Nokia's new CEO replacing Pekka Lundmark? Details
Justin Hotard, who currently leads Intel's Data Center & AI Group as executive vice president and general manager, will take over the position on April 1.
Hotard to succeed Lundmark at Nokia
Nokia has announced a leadership transition. Nokia’s President and CEO, Pekka Lundmark, has informed the Board that he will step down. The Board has appointed
Nokia taps in former Intel AI & data centre boss Justin Hotard as CEO, Pekka Lundmark to step down
The move comes as Pekka Lundmark, who has led the company since 2020, steps down following Nokia’s struggle with declining profits and lost orders, including a major $14 billion contract with AT&T, wh
Nokia names Justin Hotard as new CEO
Finland's Nokia on Monday said its CEO Pekka Lundmark would step down and that it had appointed Justin Hotard to take over his role. Hotard, who takes up the position on April 1, currently leads the Data Center & AI Group at Intel.
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Intel’s new data center chief leaves to run Nokia
The head of Intel’s data center and artificial intelligence business, Justin Hotard, is leaving the chipmaker after just a ...
Nokia replaces chief executive as it struggles to lift sales and share price
Nokia has appointed a top Intel manager to take over as its chief executive as the Finnish telecoms equipment maker struggles to come out of a decade of stagnating share price and revenue. Justin ...