Nokia’s CEO Pekka Lundmark will step down on March 31, 2024, to pursue new opportunities. Justin Hotard from Intel will succeed him on April 1, aiming to drive Nokia’s growth in data centers and AI, ...

Nokia Oyj hired Intel Corp.’s Justin Hotard to replace Pekka Lundmark as its chief executive officer as the network equipment maker works to exit a prolonged slump in orders from phone operators.