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Nokia names Intel AI chief as new CEO

Intel’s AI Chief Leaves to Run Nokia After a Year on the Job

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.

Fox Business · 19h

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.

heise online · 1d

Nokia: Intel's head of data centers and AI becomes new CEO

AI expert Justin Hotard is to become CEO of Nokia. He is to continue the Group's realignment in fields such as data centers and AI.

11hon MSN

Nokia buys back shares to mitigate dilution effects

Corporation (LEI: 549300A0JPRWG1KI7U06) has repurchased 1,390,880 of its own shares at an average price of €4.69 per share on Monday, as part of its share buyback program initiated to counter the ...

13d

Infinera Corporation: Nokia Acquisition Doesn't Do Much For Stock Price

Infinera's declining revenue, high debt, and reliance on a few key customers make it an unattractive investment. Learn why ...

Business Times1d

Nokia hires Intel’s AI executive as CEO in push for turnaround

NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as ...

Total Telecom1d

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, ...

12d

Nokia Earnings: Telecoms Giant Rings Up Forecast-Busting Q4 Sales

Mobile phone group Nokia (NOK) has dialed up better than expected fourth quarter results, boosted by rising demand for its ...

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