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CEO of HMD Global, Nokia’s parent company, resigns

HMD Global CEO Arto Nummela resigns

Nokia’s shares may now face a serious blow, as HMD Global CEO Arto Nummela has resigned, effective immediately

 

Nokia, as we know, is back from the land of the dead and is trying to regain its lost ground. This year it has taken out three Android devices Nokia 6, Nokia 5 and Nokia 3. It has also brought back a consumer favorite back from the tech grave-the iconic Nokia 3310 in a revamped avatar. In the pipeline are three more sets, Nokia 2, Nokia 7, Nokia 8 and Nokia 9 all Android based smartphones. Nokia 8 has got itself a July date for launch. One of the driving forces behind this revival was the seasoned Arto Nummela, the CEO of HMD Global and now according to a press release by the company, he is resigning from his post effective immediately. This resignation was not a forced one but one that was taken out of a mutual agreement.

This is important in the light that Nokia, which is now competing with Samsung and Apple to capture market share may face a serious setback due to this. In the meantime, HMD President Florian Seiche, who was worked in Siemens, Orange, HTC, and Nokia will be handling things as the acting CEO.

Sam Chin, Chairman of the Board, HMD Global Oy released a statement saying, “Arto Nummela has played a key role in the creation of the HMD Global operation, building the team and launching our first products. On behalf of the whole Board, I thank Arto for his contribution and wish him well in his future endeavors.”

It is still not certain what dynamics are at play in this sudden resignation and how is it going to affect the firm in the long run. But it goes without saying that the condition Nokia is in right now, it needs all hands on the deck and the absence of Nummela is going to be a very crucial detriment that the firm will need to overcome.

2 Comments
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