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Jorma Ollila. Read this. My Profile Log Out. Join Discussion. Add Your Comment. Networking President of Estonia pushes for common systems across Europe. Mobility Stuck in an infinite loop: Finland's 4G auctions suspended over bid resetting.

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Siilasmaa chaired and served as Board Member at Elisa Corporation. He has over 25 years of international experience. He joined Nokia in and has held a number of managing positions in the Company. Member of the Board of Directors of Stryker Corporation. Chair of the Vexve Holding Oy.

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He holds Ph. Toggle navigation Home. Contact Copyright Privacy. Proposals on election of external auditor and remuneration In addition, the Board's Audit Committee proposes to the Annual General Meeting that PricewaterhouseCoopers Oy be re-elected as the Company's auditor, and that the auditor be reimbursed based on the invoice and in compliance with the purchase policy approved by the Audit Committee.

The notice to the Annual General Meeting and the complete proposals by the Board and its Committees to the Annual General Meeting are scheduled to be published on Nokia's website at www. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect.

Annual General Meeting 2012

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Stock Screener Home. Technical Analysis. My Watchlists. Top News. Boston Consulting Group did a thorough assessment of Nokia's business in and came to the conclusion that the company wouldn't be able to compete with Motorola and the Japanese mobile makers. Back then Nokia was still controlled by Finnish banks. They tried selling the entire company to Ericsson in , but the Swedes judged Nokia's TV business as being too risky. A year later Siemens wanted to buy Nokia's cellular systems unit, but Ollila turned them down.

The company persisted with mobile, growing to dominate the field throughout the late s and most of the s. It was only the arrival of the iPhone in that signalled a change in Nokia's fortunes, and the massive decline in share price that followed. So why did Cupertino manage to overtake Espoo? Ollila's explanation doesn't differ too much from the generally held view: Apple had a superior product with superior features at a more margin-friendly price. Inside Nokia's headquarters: A photo tour. From reindeer stew to a wall of Nokia's greatest hits, here's a look inside Nokia's global HQ, not far from the Finnish capital of Helsinki.

Nokia Board of Directors convenes Annual General Meeting 2012

Read More. Even when admitting defeat, however, Ollila claims Nokia was on the verge of victory. The company's leadership knew Nokia had to transform from a mobile phones company into more of a software company, and Ollila talked about such a transition both inside and outside the company, even before the iPhone arrived on the scene. Ollila traces the roots of Nokia's downwards trajectory back to the s, when the success of Nokia and the early failure of Ericsson in the mobile market taught the company not to move too fast.

In , Nokia held a strategy meeting where executives contemplated expanding.

Nokia: Where it all went wrong, by the man who made it the world's biggest mobile company | ZDNet

The company was "thinking about the right things", says Ollila, but didn't go far enough, failing to invest profits from the mobile phone business into expanding into new areas. Maybe Nokia should've studied other wireless technologies But renewing the entire strategy of a corporation isn't easy when you've grown into a global market leader," laments the former CEO. Ollila also highlights how the company struggled to find skilled software engineers, saying there weren't enough people to meet Nokia's needs in Europe.

The company hired more people in the US in , but the hiring spree didn't deliver the results it had hoped for. Nokia had become a "proud company" that didn't want to emulate others, and was used to in-house innovation, he writes.



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Ollia also lays part of the blame for Nokia's difficulties at the feet of US carriers. The failure of the Nokia N97 was the last nail in the coffin. The phone's software was faulty and it had "elementary" hardware problems. The problem was that the earlier N95 was still selling, which partly made it look like Nokia's smartphone strategy was still working. Of his successor, he writes: "Olli-Pekka himself said he wasn't a software expert. That was true, but neither was I.