Nokia CTO leaves company amidst strategy disagreements

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.”


FEATURED VIDEO

5 Comments

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).

3. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 2010

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

6. nick unregistered

elop's effects change that fucking elop

7. PhoneLuver

Posts: 481; Member since: Jul 05, 2010

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

8. mb.P4pny

Posts: 7; Member since: Jun 10, 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

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.