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flag Nokia names Intel's Justin Hotard as new CEO to steer focus towards AI and data centers.

flag Nokia has appointed Justin Hotard, currently an Intel executive in AI and data centers, as its new CEO, effective April 1. flag Pekka Lundmark, who has led Nokia since 2020, will step down on March 31 and will advise Hotard until year-end. flag The change aims to strengthen Nokia's focus on AI and data center markets, crucial for future growth, amid declining sales in 5G equipment. flag Hotard's extensive tech experience is seen as key to Nokia's strategic shift.

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