Stephen Elop, who was in charge of overseeing the Microsoft Office software suite, today was named chief executive officer of Nokia, replacing Olli-Pekka Kallasvuo, who will leave the handset-maker Sept. 20, the company disclosed. Elop, 46, will be expected to bring Nokia to prominence in smartphone sales as the vendor has lagged behind rivals Apple, Research in Motion and Android-based devices. The company has remained the global leader in handsets based on less profitable feature phones.

Related Summaries