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Nokia CTO leaves company amidst strategy disagreements

Posted: , by Victor H.

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Nokia CTO leaves company amidst strategy disagreements
Nokia's transition to Windows Phone as its main platform has been everything but smooth with market share dropping significantly and the company going through a major restructuring. But that's not the only problem that the company is facing – many of its top executives seem to disagree with its current strategy and first to leave after the restructuring is Nokia's chief technology officer Richard Green. Espoo confirmed that Green took a leave of absence for personal reasons, but it was Finnish newspaper Helsingin Sanomat which gave a different point of view saying that it was disagreements with ex-Microsoft's Stephen Elop, the current CEO of the company, that might have forced Green to actually resign.

Henry Tirri heading the company's Research Center will temporarily fill in the position. Speaking publicly, Elop didn't comment on the issue, but did shed light on emerging rumors about a purposeful deprecation of the company in order for it to be acquired at a cheaper priced by industry giants like Microsoft or Samsung. The CEO stressed that “all rumors are baseless.” Analysts however have pointed out the dramatic decrease in market value for Nokia – the company has lost half of its value since Elop announced the transition to Windows Phone in February and is currently valued at some $25 billion (17 billion euro). Credit agencies like S&P and Fitch downgraded the company's stock outlook even further and now Nokia is just one step above junk grade

Analyst Sami Sarkamies was quoted by Reuters saying:  "We will probably see more of these negative news for Nokia in the coming weeks. All the effects caused by the profit warning have not yet come through.”

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posted on 09 Jun 2011, 07:48

1. MadIguana (unregistered)

Actually, the statement said that he had taken leave for Medical reasons, so it would be slightly presumptuous (and a bit unfair on the man) to not - at least - entertain the idea that this was in fact true, rather than assuming that Nokia is falling apart (more).

posted on 09 Jun 2011, 08:30 1

3. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

PA, if you block posting live links, you may be able to stop the spamming....

posted on 09 Jun 2011, 17:42 2

6. nick (unregistered)

elop's effects
change that fucking elop

posted on 10 Jun 2011, 03:00

7. PhoneLuver (Posts: 481; Member since: 05 Jul 2010)

I think there's a general consensus that the guy is not straight up!
And we all know, where there's smoke..

posted on 10 Jun 2011, 14:33

8. mb.P4pny (Posts: 7; Member since: 10 Jun 2011)

Nokia is going down and it's sad as hell to see. You can't be stubborn and stay in your old ways when it comes to technology, it took them way to long to ditch symbian. And windows isn't doing to well itself so I don't see how they can save Nokia

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