Risto Siilasmaa interview on HS.Fi – board of directors fully trusts Stephen Elop

Joni has been most kind again and sent us some more snippets from key Nokia personnel recently interviewed.

This first part is from the new Chairman at Nokia, Risto Siilasmaa who says the board are fully behind the current strategy.

• Elop has been partly criticized too heavily.
• It is totally impossible to measure CEO´s success in the short run with economical measures, because Nokia´s difficulties in smartphones started already in 2008.
• Despite of that, in the long run economical result, competitiveness and feasibility are the only things crucial to CEO.
• Stephen has brought a more open corporate culture to Nokia, where difficult subjects are treated together.
• Stephen Elop has operated extremely well because he has brought a lot of people to make decisions.
• He engourages employees to give critical feedback and make products better.
• Board of Directors fully trust him.

http://www.hs.fi/talous/Siilasmaa+Elopilla+on+Nokian+hallituksen+t%C3%A4ysi+luottamus/a1305578379595

Joni also mentioned a follow up to some questions to Stephen Elop:

The headline is: Do You regret decisions you have made, Stephen Elop?

• During the last 1,5 year there has been situations, where we have estimated how the market will change. On certain issues we might  have done differently if we knew  that our industry is changing fast, even faster than nobody expected.
• One example is price drop in Android Phones in China. It has been so quick that in the short run our situation has become more difficult.
• Always, when it is difficult to make forecasts about future, situation is tricky. I always regret when we face this.

Here’s Reuter’s report on this story:

http://in.reuters.com/article/2012/06/28/us-nokia-chairman-idINBRE85R0WY20120628

Cheers Joni for the tip!

Category: Nokia