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Fortune
Fortune
Ryan Hogg

Nokia hires first American-born CEO as Finnish group pivots to AI boom

Nokia Justin Hotard America Intel Corporation United States
Justin Hotard, incoming chief executive officer of Nokia Oyj, during a news conference at the company's headquarters in Espoo, Finland, on Monday, Feb. 10, 2025. (Credit: Roni Rekomaa/Bloomberg via Getty Images)

Nokia has hired its first CEO from America in a renewed pivot to AI designed to arrest years of low valuations and stagnant revenue growth.

The Finnish telecoms group announced the appointment of Justin Hotard, Intel’s executive vice president in data centers and AI, who will join in April. 

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