CORRECT: Nokia Board To Propose Siilasmaa As New Chairman - Report
January 05 2012 - 7:05AM
Dow Jones News
Finnish mobile handset maker Nokia Corp.'s (NOK) board of
directors will propose Risto Siilasmaa as the company's new
chairman, according to a report in Finland's largest daily
Helsingin Sanomat.
Siilasmaa, a Finnish engineer born in 1966, has been a member of
Nokia's board since 2008. Additionally he is the chairman, founder
and former chief executive of F-Secure Corp., a Finnish computer
security software company. He is also the current chairman of
Finnish telecommunications company Elisa Oyj (ELI1V.HE).
A Nokia spokesperson told Dow Jones Newswires that the company
doesn't comment on rumors and speculation, but added that the
nomination committee of Nokia's board will convene this month to
decide on its proposal for the board composition.
Helsingin Sanomat, which cited unnamed sources, said Siilasmaa
will be proposed by the board in conjunction with Nokia's
fourth-quarter financial result publication on Jan. 26.
Jorma Ollila, the current chairman of the Finnish phone maker,
last year said he would step down as the company's chairman in May.
Ollila has been a Nokia board member since 1995 and its chairman
since 1999.
Full story: www.hs.fi
-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098;
sven.grundberg@dowjones.com