Inside these posts: Olli-Pekka Kallasvuo

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Nokia stock rallies on news of new CEO

Nokia’s stock rallied Friday after the Finnish mobile phone maker said it was replacing its chief executive with an executive from Microsoft Corp.

Nokia’s board of directors said it hired Stephen Elop for the position of president and CEO. Currently the head of Microsoft’s business division, Elop is scheduled to begin his new job on Sept. 21. Get the full story »