New Nokia chairman asks investors for patience

Newly installed Nokia Chairman Risto Siilasmaa asked investors at the company's annual meeting to stick with the Finnish phone-maker. Before Thursday's meeting, he told reporters, "I don't think any new change is required as we are going through a transformation period already." Retiring board chairman Jorma Ollila conceded to shareholders that the company had made mistakes. As a sign of Nokia's struggles, its flagship Lumia 900 smartphone is selling for $49 -- half of its original price -- on Amazon's website.

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Nokia s Incoming Chairman Says Its Current Program Will Succeed - Bloomberg Businessweek · InformationWeek · Outgoing Nokia board chief concedes mistakes - USA Today

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