Risto Siilasmaa, a founder of computer security software company F-Secure, will replace Jorma Ollila
Nokia’s board of directors will propose Risto Siilasmaa, a founder of computer security software company F-Secure, as the company’s chairman, according to the Finnish newspaper Helsingin Sanomat.
Siilasmaa, who has been a Nokia board member since 2008, will replace Jorma Ollila.
Currently, Sillasma also chairs the board of Finnish telecommunications company Elisa Oyj.
The daily said Siilasmaa’s name will be proposed by the board in conjunction with Nokia’s fourth-quarter financial results on Jan. 26.
This move follows the announcement of Ollila in May last year to step down.
Ollila, who is also the chairman of Royal Dutch Shell, was convinced to stay on to steer the telecom company through tough times.
Though Nokia declined to comment, Ollila has confirmed that Nokia is to choose a new chairman at the end of the month.