Note: this article was mentioned 4/4/2011 on twitter in order to stimulate follow-up discussion.
It hasn’t been that long since many pundits, self included, read the technology tea leaves and predicted the pressure on Nokia CEO Olli-Pekka Kallasvuo would end in a change at the top. Sure enough, I was just pointed to a MarketWatch article stating that OPK had resigned and was being replaced by Stephen Elop, a business executive coming from Microsoft.
I take neither pride nor delight in calling this one. I was certainly not the first to bring it up, and as I’ve said I highly respected Mr. Kallasvuo. But even if Nokia’s struggles the past few years were not his fault, directly or indirectly, it’s an unfortunate fact of the fast-paced business world that stockholders often need a sacrificial lamb in order to regain confidence. CEOs, right or wrong, make the most obvious target. Continue reading
Posted in Inviting Change, Mentioning Maemo, Mentioning MeeGo, The Write Stuff, Views and Reviews
Tagged CEO, forumnokia, MarketWatch, Microsoft, Nokia, Olli-Pekka Kallasvuo, OPK, Ovi, Stephen Elop
When Corporate Executive Officers speak, everyone listens. The only question is, what sort of reception do they enjoy? Depends on the CEO of course.
Mobile CEOs tend to be a unique breed. Brash, media-savvy and antenna-focused. Like relative newcomer to the fold, Steve Jobs. His Silicon Valley DNA made him perfect for Lord of the iStuff, so it should have come as no surprise to industry pundits when his zealous microguidance pushed the iPhone through any and all walls of resistance to success. He didn’t have to rise up through the mobile ranks to achieve greatness there; he already possessed the necessary components, and so success in a new area was simply a matter of applying them appropriately.
But even as I objectively admire Jobs’ achievements, I still don’t care for his manipulative methods. Continue reading
Posted in Great Governance, The Write Stuff, Views and Reviews
Tagged Apple, CEO, Jim Lazardis, leadership, mobile, mobility, Nokia, Olli-Pekka Kallasvuo, OPK, RIM, Steve Jobs
Twitter buddy Jonathan (@atmasphere) Greene alerted me to a Wall Street Journal post today that claims Nokia is actively shopping for a new chief executive officer. If true, this shouldn’t come to anyone as a surprising development. The current CEO, Olli-Pekka Kallasvuo (OPK), has been under fire for over a year now while Nokia has struggled against stiff competition, largely from Apple, RIM and various devices running Google’s Android.
OPK had been groomed by previous CEO Jorma Ollila for just that position, assuming the helm of the world’s largest cell phone manufacturer on 1 June, 2006. It seemed the right decision at the time: from there until 2008 Nokia’s stock value rose as innovative devices were released even while the company reinvented itself with extreme reorganizations.
But the first two years of a new regime typically benefit from residuals of the one prior. 2008 to 2010 can’t be credited or blamed back to Ollila’s term. Rather they provide the measurements for OPK’s performance, and the numbers aren’t good. To get an idea, check this chart comparing Nokia’s stock to Apple’s over the past 5 years. Or Nokia versus RIM. The divergence at 2008 is remarkable… and humbling for Nokia. And even though RIM hasn’t been exactly stellar, it’s still in the positive for the period. Continue reading
Posted in Great Governance, Inviting Change, Mentioning Maemo, Mentioning MeeGo, The Write Stuff, Views and Reviews
Tagged Android, Anssi Vanjoki, Apple, CEO, Google, Jorma Ollila, Nokia, Olli-Pekka Kallasvuo, OPK, RIM