Nokia looks to ditch its CEO

A report claimed that massive Finnish phone combine Nokia has begun a man hunt for a CEO to replace the current boss, Olli-Pekka Kallasuvo.

According to the Wall Street Journal, which quotes “people familiar with the situation”, the powers that be aren’t happy with Nokia’s performance, particularly at the smartphone end of the market.

Nokia is still the biggest supplier of mobile phones but it has lost face by having Apple snatch the top end of the smartphone market.

Apparently, the report continues, Nokia’s board wants to come up with an answer to a replacement for Kallasuvo by the end of this month.

The current CEO has held his position since 2006 but has come under criticism for not being fast enough to respond to the Apple and the Google Android threats.

The trouble with Nokia’s current strategy is that most of the phones it sells are at the low end rather than at the high end of the market. The WSJ story is here.