Nokia Siemens replaces executive board chairman

Nokia Siemens replaces executive board chairman

Helsinki: Joint venture Nokia Siemens Networks said Thursday it was replacing board chairman Olli-Pekka Kallasvuo, the former Nokia chief who was ousted a year ago, with an executive from Danish telecom group TDC.

“Nokia and Siemens today announced the appointment of Jesper Ovesen as executive chairman of the Board of Nokia Siemens Networks, effective today (Thursday)," the companies said in a joint statement.

Kallasvuo was ousted as Nokia chief executive in September 2010 after running the company since 2006, blamed for a decline in innovation and competitiveness that left the former undisputed giant vulnerable to its market rivals.

When Stephen Elop took over Nokia, Kallasvuo stepped down from Nokia’s board but retained the non-executive chairmanship of Nokia Siemens Networks (NSN), a telecom equipment joint venture.

According to NSN, Kallasvuo chose to leave the board because he could not do the job full-time.

“We would both like to extend our sincere thanks to Olli-Pekka for his contribution and dedication to Nokia Siemens Networks," said Elop and Siemens chief financial officer Joe Kaeser in the statement.