Nokia looks for a new Chairman

Nokia has started looking for a new chairman to succeed long-time leader Jorma Ollila. Ollila transformed Nokia into a giant mobile phone company in the 1990s.The Finnish firm has recently lost out in the smartphone market to newcomers Apple Inc and Google Inc. For a long time Ollila did a great job at Nokia, but then he made some mistakes that cost shareholders a fortune. Under him Nokia has been slow in smartphone development, not active in the fight with Apple and Google and failed to succeed in the United States. Over the success of the Microsoft deal has driven Nokia shares down 25 percent since the deal was unveiled, and the stock is trading at a mere third of what it was worth three years ago. He agreed to head the company for the next twelve months only. Ollila joined Nokia in 1985, was chief executive between 1992 and 2006 and has been chairman since . He is the last top manager at Nokia who took part of raising it to the top of the phone industry in 1990s.