STEPHEN ELOP

  • Memo from Microsoft Executive VP Stephen Elop announcing job cuts July 18, 2014

    Microsoft Executive Vice President Stephen Elop sent employees of the company's devices business a memo detailing its job cut plans. Microsoft said it would cut up to 18,000 jobs over the next year, with about 12,500 related to Microsoft's acquisition of Nokia's phone business in April. Elop was Nokia's CEO...
  • Microsoft CEO Satya Nadella reshuffles senior ranks April 1, 2014

    San Francisco: Microsoft Corp named three executives to its cloud, devices and Xbox gaming divisions in one of new Chief Executive Satya Nadella's first management shakeups. In a public email, the world's largest software maker promoted Scott Guthrie to head of the cloud and enterprise group, the $20 billion division that...
  • Microsoft shorlists names for CEO; list includes Satya Nadella November 6, 2013

    New York: Microsoft Corp has narrowed its list of external candidates to replace Chief Executive Steve Ballmer to about five people, including Ford Motor Co's current chief Alan Mulally and former Nokia CEO Stephen Elop, according to sources familiar with the matter. The world's largest software maker also has at least...
  • Nokia tested Google's Android on Lumia phones before Microsoft deal September 16, 2013

    New Delhi: Before Microsoft reached out to Nokia to offer to buy the Finnish company's devices business, Nokia was already experimenting with Google's Android operating system on its Nokia phones, says Nick Wingfield in New York Times' Bits blog. When Nokia had back in 2011 decided to ride on Windows for...
  • Full text of Microsoft's press release on Nokia acquisition September 3, 2013

    Microsoft to acquire Nokia's devices & services business, license Nokia's patents and mapping services REDMOND, Washington and ESPOO, Finland - Sept. 2, 2013 - Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase substantially...
  • Nokia CEO Stephen Elop to move to Microsoft, chairman to take over September 3, 2013

    Helsinki: Nokia said its chief executive, Stephen Elop, will move to Microsoft Corp when the deal to acquire Nokia's handset business is closed. Nokia board chairman Risto Siilasmaa will take over CEO duties while the Finnish firm is looking for a new CEO. Elop was hired as Nokia CEO in 2010 from...
  • Microsoft to acquire Nokia's devices and services business for $7.2 bn September 3, 2013

    Helsinki: Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros, and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge from...
  • Microsoft to buy Nokia: Open letter from Steve Ballmer, Stephen Elop September 3, 2013

    Microsoft and Nokia have announced that the software giant will acquire the struggling mobile phone company's devices business for 5.44 billion euros ($7.2 billion). Below is an open letter from Microsoft CEO Steve Ballmer and Nokia CEO Stephen Elop addressed to consumers: The Next Chapter: An open letter from Steve Ballmer...
  • Nokia's buyout chances in focus ahead of secondquarter results July 13, 2013

    Helsinki: Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own. Investors will be scrutinising secondquarter results to see whether there's enough cash to stay with a turnaround plan which Elop...
  • Nokia CEO Stephen Elop says remains focused on Windows Phone software May 7, 2013

    Helsinki: Nokia Chief Executive Stephen Elop said the company would remain focused on using Microsoft's Windows Phone software to compete with smartphone rivals such as Samsung. Nokia's firstquarter results showed incremental gains in sales of Lumia smartphones which use Windows software, while sales of its basic phones traditionally Nokia's strong...
  • Nokia CEO Stephen Elop's pay package halved in 2012 March 8, 2013

    Helsinki: Nokia Chief Executive Stephen Elop took a 45 per cent cut in his pay package last year, according to a US regulatory filing, as the company continued losing market share in smartphones to Samsung and Apple. Elop, hired in 2010 from Microsoft to turn around the Finnish mobile phone maker,...
  • CEO refutes Nokia's Android phone rumours, takes shot at Google January 25, 2013

    New Delhi: Nokia CEO Stephen Elop has effectively put to an end the rumours about Nokia making an Android phone. During the company's fourth quarter earnings call Elop reiterated that Nokia's products with compete with Android phones. "We are not in a situation where we are considering something other than Windows...
  • Nokia's results breakthrough buys it time and options January 14, 2013

    Helsinki: Nokia's strongerthanexpected quarterly results mean the mobile phone maker now has breathing space and better options to help it claw back a place alongside Samsung and Apple in the smartphone market. The Finnish handset maker, whose fall from market leader to loss leader was so bad its chief executive said...
  • Nokia imaging chief Damian Dinning to quit November 25, 2012

    Helsinki: Nokia's longtime imaging chief Damian Dinning has decided to leave the lossmaking cellphone maker at the end of this month, the company said in a statement. The strong imaging capabilities of the new Lumia smartphone models are a key sales argument for the former market leader, which has been...
  • Elop running out of time to turn Nokia around September 19, 2012

    Helsinki: Stephen Elop only has a few months to show he can turn Nokia around if he is to survive but the new smartphone is unlikely to woo customers back from Apple and Samsung. Investors and analysts say the chief executive has until early 2013 to prove he made the right...
  • Nokia CEO says 'watch out' to Android phone makers August 18, 2011

    Helsinki: Phone makers depending on Google Inc's Android software should worry about the Web search leader's deal to buy Motorola Mobility, the head of rival Nokia said on Wednesday. Nokia has teamed up with Google archrival Microsoft for mobile phone software, while phone makers such as Samsung Electronics, HTC Corp and...
  • Nokia calls report of Microsoft deal baseless June 2, 2011

    Helsinki: Shares in struggling mobile phone handset maker Nokia Oyj jumped on Wednesday in reaction to a web site report that said USbased Microsoft Corp had struck a deal to buy its mobile phone business for $19 billion. Nokia called the report "100 per cent baseless." Nokia shares have been in...
  • Nokia CEO sees billions from Microsoft deal February 14, 2011

    Barcelona: Nokia's CEO on Sunday touted its recent alliance with Microsoft, saying it would be worth billions to the Finnish cellphone maker, which is seeking to catch up in the fiercely competitive smartphone market. Nokia announced on Friday that it was teaming up with Microsoft to take on Google and Apple...
  • Nokia, Microsoft to build Android, iPhone rival February 11, 2011

    London: Nokia and Microsoft have teamed up to take on Google and Apple in the fastgrowing smartphone market as the Finnish cellphone maker attempts to regain its leading position in the sector. Nokia said it would use Windows Phone as the software platform for its smartphones as part of new chief...
  • Day of reckoning dawns for Nokia's new CEO February 11, 2011

    London: Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker. Following a leaked memo in which Elop candidly described the need to leap from Nokia's "burning...
  • Day of reckoning dawns for Nokia's new CEO February 11, 2011

    London: Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker. Following a leaked memo in which Elop candidly described the need to leap from Nokia's...
  • Nokia's options for smartphone turn around February 5, 2011

    Helsinki: Stephen Elop, the new chief executive of Nokia, the world's biggest cellphone maker, will unveil his plan to turn around the Finnish company's weakening position in the high end of the market next week. The average forecast for Nokia's 2011 underlying earnings per share has fallen 5 per cent since...
  • Nokia delays flagship N8 again, shares hit September 21, 2010

    Helsinki: Nokia said it would delay again its flagship smartphone N8 model, hitting its shares on the day new chief executive Stephen Elop started at the helm of the world's top cellphone maker. The N8 is seen by analysts as Nokia's first toprange model to challenge Apple's iPhone more than three...
  • Nokia's mobile phones chief Anssi Vanjoki resigns September 13, 2010

    London: Anssi Vanjoki, the head of Nokia's mobile solutions unit, is resigning following the appointment of outsider Stephen Elop as chief executive of the world's biggest cellphone maker. This announcement comes only a day before Nokia World, the world's largest mobile phone manufacturer's annual event. Vanjoki, who joined Nokia in...
  • Nokia bets on new smartphones for recovery September 13, 2010

    Helsinki: Nokia, the world's biggest cellphone maker by volume, will introduce new smartphone models at Nokia World, its annual media and industry event, aiming to assure investors the company is on track to recovery. Nokia, whose profits and share price have dived in the last few years, is now betting on...
  • Nokia's Ollila to head board until 2012 September 13, 2010

    Helsinki: Nokia Board Chairman Jorma Ollila will stay in his position until spring 2012, helping newlyappointed Chief Executive Stephen Elop's transition into the job, a Finnish newspaper said on Sunday. Daily Helsingin Sanomat cited Nokia as the source of the information, but gave no further details. Nokia announced the hiring of...
  • Key problems facing new Nokia CEO September 10, 2010

    Nokia, the world's top cellphone maker, brought in Microsoft's Stephen Elop to replace embattled chief executive OlliPekka Kallasvuo and lead a renewed effort to compete in the smartphone market. The following are key challenges facing Elop: Ailing highend phone portfolio Nokia's long reliance on the Symbian operating system for its smartphones, while profitable...
  • Microsoft's Stephen Elop to be new Nokia CEO September 10, 2010

    Helsinki: Nokia, the world's top cellphone maker, said Stephen Elop, the head of Microsoft's Business Division, was to be its new chief executive, leading a renewed effort to compete in the smartphone market. "His strong software background and proven record in change management will be valuable assets as we press harder...