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Nokia Chairman Confirms he will Resign in 2012

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Nokia's Chairman, Jorma Ollila says that he will step down from the role next year, as originally planned, but that he would not "throw in the towel" and walk away before then.

"As originally planned, the nominations committee of the Board of Directors has started searching for a new chairman with the view that at the 2012 Annual General Meeting I would no longer stand for re-election," he told Nokia's annual general meeting yesterday.

Jorma Ollila stepped down as CEO of the company in 2006 and took up the role of Chairman. When former Microsoft exec, Stephen Elop suddenly replaced Olli-Pekka Kallasvuo last year, he said he would stay on as Chairman during the transition phase, but expected to leave sometime in 2012.

 At the AGM, he said he was committed to helping Nokia through the transition to being a Windows Phone based smartphone developer, and acknowledged that it has been a difficult couple of years as the company came under attack for its lack of smartphone focus and diminishing market share.

"The past year has been extremely heavy, and I believe the current year will also be a demanding one," he said.

Jorma Ollila joined Nokia in 1985 after working in banking and a year later was heading the company finance department. His career at Nokia continued as he was appointed as chief of the mobile phones section in 1990, and CEO two years later in 1992. When Ollila first came into power the company had suffered from internal disputes and had been run into a financial crisis over a number of years.

He acted as CEO of Nokia from 1999 to 2006.

His plan to step down from the role as Chairman was originally announced last September.

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Tags: jorma ollila  nokia  windows phone