Nokia has announced the appointment of Justin Hotard as its new Chief Executive Officer, effective April 1st, 2025. Hotard, formerly of Intel, succeeds Pekka Lundmark, who will be retiring from the role on March 31st. Lundmark will remain available as an advisor to Hotard until the end of 2025, ensuring a smooth transition.
This leadership change comes as Nokia focuses on regaining lost ground and addressing recent profit declines. The company has been working to strengthen its position in the competitive telecommunications market.
Hotard brings a wealth of experience to Nokia, having held key leadership positions at Intel. His background includes expertise in areas crucial to Nokia’s current strategy, such as artificial intelligence and cloud computing. This experience is expected to be invaluable as Nokia navigates the evolving technology landscape and seeks to capitalize on emerging opportunities.
Lundmark has led Nokia through a significant period, overseeing its transformation and navigating challenging market conditions. His contributions to the company are widely recognized.
The appointment of Hotard signals Nokia’s commitment to innovation and its focus on the future. The company is poised to leverage Hotard’s expertise to drive growth and solidify its position as a leader in the telecommunications industry.
