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Nokia CEO Olli-Pekka Kallasvuo ousted as ex-Microsoft Stephen Elop steps in

Nokia CEO Olli-Pekka Kallasvuo ousted as ex-Microsoft Stephen Elop steps in

With Nokia World 2010 just days away, the Finnish company has announced that CEO Olli-Pekka Kallasvuo has been replaced by ex-Microsoft Business head Stephen Elop.  The change - which will take place on September 21st - will also see Kallasvuo cede his position on the Nokia Board, though he will have his non-executive chair of the Nokia Siemens Networks board and a €4.6m severance package to cheer him up.

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