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 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.
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 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
Intel AI leader named 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 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.
Intel Datacenter Chief Departs To Run Nokia – Now What?
After only a little more than a year of running Intel’s Data Center and AI group – which is probably about as much fun right now as falling down the
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
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 Shares Climb 5% as AI Chief Moves to Nokia
Intel stock (INTC, Financial) rose by 5% on the first day of the week after the company lost its AI chief to Nokia. The news arrives as executive Justin Hotard announced
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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 ...
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 ...