{"id":137335,"date":"2025-02-11T07:30:51","date_gmt":"2025-02-11T05:30:51","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/nokia-ceo-lundmark-to-be-replaced-by-intel-ai-chief-hotard\/"},"modified":"2025-02-11T07:30:51","modified_gmt":"2025-02-11T05:30:51","slug":"nokia-ceo-lundmark-to-be-replaced-by-intel-ai-chief-hotard","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/nokia-ceo-lundmark-to-be-replaced-by-intel-ai-chief-hotard\/","title":{"rendered":"Nokia CEO Lundmark to be replaced by Intel AI chief Hotard"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/137335\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel. Lundmark, who has served as Nokia\u2019s CEO since 2020, will leave his position on March 31, the company said in a statement. \u201cI want to move on from executive roles to work in a different capacity, such as a board professional\u201d, said Lundmark, who has a career of more than 20 years of leading listed companies.<\/p>\n<p>Justin Hotard currently serves as the executive vice president of Intel and as the general manager of the company\u2019s artificial intelligence and data centre group, according to Intel\u2019s website. He will take over as Nokia CEO on April 1. Hotard has previously \u201cheld several leadership roles at large technology companies\u201d for more than 25 years, such as Hewlett Packard and NCR Corporation, Nokia said.\u201cI am excited to get started and look forward to continuing Nokia\u2019s transformation journey to maximize its potential for growth and value creation,\u201d Hotard said. \u201cNetworks are the backbone that power society and businesses, and enable generational technology shifts like the one we are currently experiencing in AI,\u201d he said.<\/p>\n<p>Nokia chairwoman Sari Baldauf said Hotard holds \u201ca strong track record of accelerating growth in technology companies along with vast expertise in AI and data centre markets, which are critical areas for Nokia\u2019s future growth\u201d. The change at the top comes after Nokia posted bumper profits as telecom companies strive to recover from a slump.<\/p>\n<p>In 2023, the company announced it would cut up to 14,000 job as profits fell on weakening demand for its 5G equipment in North America. Last month, Nokia reported an 89 percent rise in net profit for 2024, with sales surging in India and North America in the final three months of the year. Baldauf said Lundmark had joined the company \u201cat a difficult time in Nokia\u2019s history\u201d and would leave &#8217;with our highest respect&#8217;. \u201cUnder his tenure, Nokia has re-established its technology leadership in 5G radio networks and built a strong position in cloud-native core networks\u201d, she said.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.digitaljournal.com\/business\/nokia-ceo-lundmark-to-be-replaced-by-intel-ai-chief-hotard\/article\">DJ<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/nokia-ceo-lundmark-to-be-replaced-by-intel-ai-chief-hotard\/\">Nokia CEO Lundmark to be replaced by Intel AI chief Hotard<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,17894,17895,4879],"class_list":["post-137335","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-lundmark","tag-mamagement","tag-nokia"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/137335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=137335"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/137335\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=137335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=137335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=137335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}