Nokia Names Microsoft's Elop as New CEO

From PC World: Nokia has named Stephen Elop, former president of Microsoft's business software group, to become its new CEO effective from later this month.

Elop will replace Olli-Pekka Kallasvuo in the top job on Sept. 21. Kallasvuo loses his board seat with immediate effect and will step down from the CEO position on Sept. 20, Nokia said. Elop will leave Microsoft immediately, that company said.

The reshuffle comes as the world's largest cell-phone maker battles to compete with companies such as Apple and Research in Motion. While the company continues to enjoy good sales of low-end phones, analysts have faulted Nokia's smartphone line-up as weak compared to the competition.

While hardware quality is important in any phone, smartphones are much more about software.

"Nokia has traditionally been strong in hardware, but has been found wanting in software," said Ben Wood, director of research at CCS Insight.

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