Jobaaj Stories
Nokia has announced that its current President and CEO, Pekka Lundmark, will step down, and Justin Hotard will take over the role on April 1, 2025.
Hotard is currently a top executive at Intel, where he leads the Data Center & AI Group. With over 25 years of experience in the technology industry, he has also held key leadership positions at Hewlett Packard Enterprise and NCR Corporation.
Sari Baldauf, Nokia’s board chair, praised Hotard’s leadership skills, saying he has a strong track record of driving growth in tech companies. Nokia believes his expertise will help the company stay competitive in the rapidly evolving technology market.
Lundmark, who has been leading Nokia since 2020, expressed gratitude for his time at the company, calling it a "privilege." Under his leadership, Nokia focused on 5G, cloud, and digital transformation.
Hotard will be based at Nokia’s headquarters in Espoo, Finland, as he takes on the challenge of steering the company into its next phase of innovation and growth.
