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.
Justin Hotard to Leave Intel, Named CEO and President of Nokia
The long-term high turnover rate at Intel of senior managers holding HPC and AI-related responsibilities continues apace with today’s news that Justin Hotard, EVP/GM of the company’s Data Center and AI Group,
Who is Justin Hotard, Nokia’s next CEO? 5 things to know about him
Nokia’s CEO Pekka Lundmark will step down on March 31, 2024, to pursue new opportunities. Justin Hotard from Intel will succeed him on April 1, aiming to drive Nokia’s growth in data centers and AI, critical to the company’s future strategy.
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 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.
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
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 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
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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 ...