Nokia's AI Gambit: Intel's Justin Hotard to Take the Helm

In a strategic move to bolster its AI capabilities, Nokia has appointed Justin Hotard, Intel's AI and data center chief, as its new CEO effective April 1, 2025. Hotard will replace Pekka Lundmark, who has led Nokia since 2020. This transition signals Nokia's commitment to expanding beyond traditional telecom equipment into AI and cloud technologies. With over 25 years of industry experience, Hotard's expertise is expected to drive Nokia's growth in critical areas like AI and data center markets. The appointment comes as Nokia seeks to revitalize its business amid falling 5G equipment sales and increasing competition in the AI space.

Sources: The Register, Euronews, Bloomberg