Nokia names Justin Hotard as new CEO - Breaking The News
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Nokia names Justin Hotard as new CEO

Business
Christian Baha / JG

1 min read

EPA-EFE/QUIQUE GARCIA

Nokia announced that Pekka Lundmark will step down as President and CEO, and Justin Hotard will take over on April 1.

Hotard, currently leading Intel's Data Center & AI Group, will be based at Nokia's headquarters in Espoo, Finland. He has more than 25 years of experience in the tech sector, having held leadership positions at Intel, Hewlett Packard Enterprise, and NCR Corporation.

"He has a strong track record of accelerating growth in technology companies," said Sari Baldauf, Nokia's board chair. Lundmark, who led Nokia since 2020, described his tenure as a "privilege."

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