Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel. Lundmark, who has served as Nokia's CEO since 2020, will leave his position on March 31, the company said in a statement.
Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.
Justin Hotard currently serves as the executive vice president of Intel and as the general manager of the company's artificial intelligence and data centre group, according to Intel's website.Hotard has previously"held several leadership roles at large technology companies" for more than 25 years, such as Hewlett Packard and NCR Corporation, Nokia said.
Nokia chairwoman Sari Baldauf said Hotard holds"a strong track record of accelerating growth in technology companies along with vast expertise in AI and data centre markets, which are critical areas for Nokia's future growth".The change at the top comes after Nokia posted bumper profits as telecom companies strive to recover from a slump.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meetingTrump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting
مزید پڑھ »
Davos 2025: Trade, tariffs, AI and UN chief Guterres dominate World Economic Forum agendaCompanies that have recently backtracked on their climate commitments are “on wrong side
مزید پڑھ »
Microsoft's LinkedIn sued for disclosing customer information to train AI modelsMicrosoft's LinkedIn sued for disclosing customer information to train AI models
مزید پڑھ »
Administrative order cannot replace judicial one, SC informedAmicus Curiae Hamid Khan told the Supreme Court (SC) on Thursday that a judicial order could not be replaced by an administrative one, reported 24NewsHD TV channel.
مزید پڑھ »
Trump revokes Biden executive order on addressing AI risksTrump revokes Biden executive order on addressing AI risks
مزید پڑھ »
Oracle rolls out AI agents for sales professionalsOracle rolls out AI agents for sales professionals
مزید پڑھ »