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International Business Times
International Business Times
Business

Nokia CEO Lundmark To Be Replaced By Intel AI Chief Hotard

Nokia Intel Corporation Justin Hotard Pekka Lundmark United States
Nokia chief executive Pekka Lundmark (L) stands next to chairwoman Sari Baldauf (C) and his successor Justin Hotard (R), the head of AI at Intel (Credit: AFP)

Finnish telecommunications equipment giant Nokia announced on Monday that chief executive Pekka Lundmark would step down and be replaced by Justin Hotard, the head of AI and data centres at US chip-maker Intel.

Lundmark, who has served as Nokia's CEO since 2020, will leave his position on March 31, the company said in a statement.

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