Nokia picks Intel’s AI and data center leader Justin Hotard as new CEO

• Nokia Ceo Pekka Lundmark will drop and be replaced by Justin Hotard, the Finnish telecommunications company said on Monday.
• According to Chipmaker’s website, Hotard is currently the Chief Deputy Chairman and CEO of Intel Data Center and AI.
• Nokia’s shares have increased by 27.85% compared to last year, but in June 2000, more than 90% decreased from the top.

Finnish Teleconoms Company Nokia said that the Pekka Lundumark would go down as the General Director, and that it was appointed Justin Strict.

According to Chipmaker’s website, Hotard, who will take office on April 1.

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“He has a strong rise in technology companies, as well as with huge expertise in the Markets of AI and Data Center, which are the most important areas for the future growth of Nokia,” said Nokia President Sari Baldauf.

The shares reached 1.6% to 4.7 euros with 0854 GMT, on the Helsinki Stock Exchange, which amounted to only 0.45%.

JPMorgan analysts are called CEO, because they say that Lundmark has been successful in “stabilize the ship.”

Nokia’s incumbent President and Chief Executive Director Pekka Lundumar, President of the Nokia Director of the Board of Directors and Nokia Nokia, Nokia and Chief Executive Director Justin Hotel, Participate in Espoo (Markku Ulander / Reuters / Reuters)

“Given that the new CEO has already been designated, it seems that this passage was working for some time. scrap.

This opinion responded by Antesi analysts who see the change as a strategic movement to the Nokia network infrastructure unit, where data centers and AI investments promote new growth opportunities.

Last year, Nokia walked to go to USD $ 2.3 billion in the US optical network transactions to import billions of dollars. Data centers to serve the increase in artificial intelligence.

Lundmark, who was Nokia’s CEO has been appointed In 2020, he will remain as a Tax Counselor by the end of the year, the company reports.

In September, Nokia refused the media, saying that the company is looking for a new chief executive.

“The planning of this leadership was initiated when it was noted in the Peced Universe that he would want to move from executive roles when the transformation of business was made at a more advanced stage.

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Nokia’s shares have increased by 27.85% compared to last year, but in June 2000, more than 90% decreased from the top.

Its infrastructure business, more and more integrated into the integration of AI technology, focuses on the construction and maintenance of communication systems, including data centers, servers and routers.

Its mobile network unit focuses on technology and services with mobile communication, including mobile towers and 5G technologies.