10/26/2009

Nokia, the world's biggest maker of mobile phones, is looking to rebound from its first quarterly net loss by elevating sales executive Timo Ihamuotila to the role of chief financial officer, effective Sunday. Ihamuotila is the man who persuaded AT&T -- Apple's exclusive U.S. carrier -- to offer one of the Finnish company's priciest handsets this year.

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Bloomberg, Reuters

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