Nokia appoints new CEO to influence its Friday share price rally

In the early hours of September 11, Beijing time, Nokia announced the appointment of Elop (Stephen Elop) as president and chief executive, and Kallasvuo (Olli-pekka Kallasvuo), the incumbent chief executive, will leave office on September 20.　　Nokia's share price rose slightly by 1.84% in Friday, affected by the news. "Now is the right time to update the personnel and we need new leaders with different skills and expertise to lead the company towards new success," said Jorma Ollila, chairman of Nokia's board of directors, Chorma Olila. The Nokia board believes Stephen has the industry's experience and leadership to achieve all of Nokia's potential. He has a deep software industry background and is good at change management, which is an invaluable asset to Nokia in transition. We believe that Stephen will be able to promote Nokia's innovation and effective implementation of strategy, to provide shareholders with more value. CCS Insight analyst said Nokia's move ended the world's speculation about the change in its bosses.　　The question is whether Elop will lead Nokia to the current strategic trajectory. Nokia's shares rose 0.18 U.S. dollars in Friday, at $9.94, or 1.84%. In the past 52 weeks, Nokia's highest stock price was $16, with a minimum price of $8.00.