Royal Dutch Shell Plc, Europe’s largest oil company, has started a search for a new chairman because Jorma Ollila is approaching nine years on the board, the maximum recommended for non-executives in the U.K., a person familiar with the process said.
Nokia Oyj will introduce new designs and devices including tablet computers to improve sales and profit, outgoing Chairman Jorma Ollila told the Financial Times ahead of the mobile phonemaker’s annual investor meeting.
Nokia Oyj Chairman Jorma Ollila said the company expects further losses in smartphone market share before seeing gains from its plan for a new series of phones to be based on Microsoft Corp. ’s Windows operating system that will replace its Symbian system, the Financial Times reported, citing an interview.
Risto Siilasmaa, who is taking over as Nokia Oyj’s chairman today, defended the Finnish mobile-phone maker’s turnaround strategy that is finding few supporters among shareholders at today’s annual meeting.
Nokia Oyj nominated entrepreneur Risto Siilasmaa to succeed Jorma Ollila as chairman, signaling that key decisions at the world’s biggest mobile-phone company by handsets deliveries will stay in Finland.
Nokia Oyj is close to announcing a software partnership with Microsoft Corp. , a bet that together the two companies can better challenge Google Inc. and Apple Inc., according to a person with knowledge of the discussions.
Nokia Oyj’s board has stayed in the background as the company’s shares plummeted 67 percent in the three years since Apple Inc. started selling the iPhone. Pressure has been building on directors to act.