Nokia CEO finally pushed

Olli-Pekka Kallasvuo being replaced by Microsoft business chief

Move comes just days ahead of Nokia World.

Nokia’s Olli-Pekka Kallasvuo has finally been shown the door at the Finnish phone fanatic, ending months of speculation about his position. The CEO of the world’s biggest mobile maker is being replaced by Microsoft’s Business Division head, Stephen Elop.

In a statement, Nokia said, "The time is right to accelerate the company's renewal; to bring in new executive leadership with different skills and strengths in order to drive company success.”

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‘OPK’ had been the subject of intense rumour, with Nokia’s smartphone share suffering in recent years, while Google Android and Apple’s iOS have gained ground. The late arrival of the Nokia N8, as well as a failure to meaningfully compete at the top table, seems to have done for the erstwhile exec.

Nokia is holding a press conference in Finland later today, so stay tuned for more news as it happens. Elop is set to start his role on 21 September, with Kallasvuo not leaving until the day before. That could mean he’ll be making an appearance at Nokia World, which kicks off in London next Tuesday.