Nokia picks Intel's AI and data centre leader Hotard as new CEO


FILE PHOTO: CEO of Nokia Pekka Lundmark attends an event to ring the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., May 24, 2023. REUTERS/Brendan McDermid/File Photo

COPENHAGEN (Reuters) - Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.

Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel, according to the chipmaker's website.

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