New Nokia Chairman Vows to Keep the Course

From DailyTech: The new chairman of Nokia Corp. will not adjust the company's strategic goals or attempt to shift strategy, he said on Thursday at the meeting of the board of directors. Risto Sillasmaa believes that Nokia is on the right track and has the right execution team to rebuild the company.

“I don’t think any new change is required as we are going through a transformation period already. I am confident that Nokia has the right team, right strategy and now increasingly also the right products,” said Risto Sillasmaa, the chairman of Nokia appointed on Thursday, reports Financial Times.

Many shareholders argue that Nokia's current strategy to transit to Microsoft Windows Phone platform is not the right one and note that the actual Lumia products are not getting popular citing sales figures to date: around two million units of all Lumia models worldwide.

At present, it would not make a lot of sense to change short- and mid-term strategic plans as appropriate handsets are already developed and get finalized now. Essentially, Nokia's late 2012 lineup has already been designed and no major changes can be done at this point if Nokia wants to sell hardware this year at all. Moreover, chairmen are not usually involved into creation of particular products, but rather into pointing directions for the company's evolution. Essentially, the new chairman will just follow Stephen Elop's plan to transit to Microsoft's software.

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