Nokia names Intel AI chief as new CEO

Nokia picks Intel exec as first U.S.-born CEO as group pivots to AI boom
Nokia has hired its first CEO from America in a renewed pivot to AI designed to arrest years of low valuations and stagnant revenue growth. The Finnish telecoms group announced the appointment of Justin Hotard,
Nokia picks Intel's AI and data centre leader Hotard as new CEO
Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.
Nokia Names Intel's AI, Data Center Head as New CEO
KEY TAKEAWAYS Nokia said Monday that it has appointed Intel’s Justin Hotard as CEO, replacing Pekka Lundmark, as the Finnish telecoms equipment maker looks to beef up its artificial intelligence business.
Justin Hotard Leaves Intel, Named CEO and President of Nokia
Intel's long-term high turnover rate of senior managers holding HPC and AI-related responsibilities continues apace with today's news that Justin Hotard, EVP/GM of the company's Data Center and AI Group,
Intel suffers another blow after C-level staffer leaves to run Nokia
After Intel lost its CEO Pat Gelsinger, the company has suffered another blow as its CEO of Datacenter and AI has now officially joined Nokia.
Intel’s new data center chief leaves to run Nokia
His sudden exit leaves another top job vacant at Intel as the chipmaker continues a prolonged search for a new CEO.
Nokia names Intel AI chief as new CEO in strategic shift
In an unexpected development, Nokia revealed a CEO transition plan for March 2025, which analysts interpret as a strategic pivot from networking equipment toward data centers and artificial intelligence.
Intel Datacenter Chief Departs To Run Nokia – Now What?
After only a little more than a year of running Intel’s Data Center and AI group – which is probably about as much fun right now as falling down the
Nokia Stock Rises After Intel AI Chief Named New CEO
Justin Hotard, Intel’s head of data-center and AI operations, is leaving to head up Nokia. Shares of the telecom-gear maker rallied over 2% in Europe; U.S.-listed Intel shares edged higher premarket.
Intel’s AI Chief Leaves to Run Nokia After a Year on the Job
Hotard’s experience at Intel gives him expertise in a business Nokia’s hoped will spur growth. Nokia has in recent years struggled with low operator investment into the next generation 5G ...
Nokia picks Intel's AI and data center leader Justin Hotard as new CEO
Justin Hotard will replaced Pekka Lundmark as CEO of Finnish telecoms company Nokia on April 1. Hotard is currently the EVP and general manager of Data Center & AI Group at Intel.
Intel (NASDAQ:INTC) Loses its AI Chief to Nokia
So chip stock Intel (INTC) just lost Justin Hotard to Nokia Oyj (NOK). This might seem like a blow to Intel’s operations, but ...
Intel’s AI Chief to Leave Chip Maker in Wake of CEO Exit
Justin Hotard, who joined Intel in February last year, is departing the company to lead Nokia.