Nokia names Intel AI chief as new CEO

Intel loses another top exec as Nokia poaches AI and data center chief as new CEO
Nokia CEO Pekka Lundmark is stepping down, with the company announcing a former Intel executive as his replacement.
Nokia picks Intel's AI and data centre leader Hotard as new CEO
Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.
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.
Intel’s AI Chief Leaves to Run Nokia After a Year on the Job
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 equipment maker works to exit a prolonged slump in orders from phone operators.
Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark
Espoo, Finland – Nokia today announced a leadership transition. Nokia’s President and Chief Executive Officer, Pekka Lundmark, has informed the Board that he will step down. The Board has appointed Justin Hotard as the next President and Chief Executive Officer of Nokia. He will start in his new role on 1 April 2025.
Nokia names Intel's AI head to replace CEO
Finnish telecommunications equipment giant Nokia announced on Monday it would replace chief executive Pekka Lundmark with Justin Hotard, an American executive overseeing artificial intelligence at US chip-maker Intel.
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 picks Intel's AI and data center leader Justin Hotard as new CEO
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 CEO Pekka Lundmark to Step Down, Justin Hotard Named Successor
Finnish telecom giant Nokia (HE:NOKIA) announced on Monday that CEO Pekka Lundmark will step down, with Justin Hotard set to take over the role. The leadership transition marks a strategic shift for the company as
Intel AI leader named CEO of Nokia
Intel 's head of AI is leaving the company after one year to become CEO of Nokia. Nokia (NYSE: NOK) said Monday that Justin Hotard will succeed Pekka Lundmark as the Finnish company's new CEO. Intel hired Hotard as executive vice president and general manager of its data center and artificial intelligence group in January 2024.
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 CEO Pekka Lundmark to step down, Justin Hotard to succeed
Nokia (NOK) announced a leadership transition. Nokia’s president and CEO, Pekka Lundmark, has informed the board that he will step down. The ...
Outlook Business4d
Nokia CEO Pekka Lundmark to Step Down in March; Know About Incoming Head Justin Hotard
Justin Hotard holds a bachelor's degree in electrical engineering and an MBA, and currently serves as an executive Vice ...
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Lundmark out as Nokia targets AI and data centres for much-needed growth
This week, Nokia has announced that it has appointed Intel’s head of the data centre and artificial intelligence group, ...