Stephen Elop

Stephen Elop (born 31 December 1963) is the Vice President of Microsoft's Devices & Services business unit. During his tenure at Nokia he held the posts of CEO and later Executive Vice President, Devices & Services. A Canadian citizen, Elop was the first non-Finn to be named CEO of Nokia, on 21 September 2010. During the 3 years Elop was Nokia CEO, Nokia revenues fell 40%, Nokia profits fell 95%, Nokia market share collapsed in smartphones from 34% to 3.4%, Nokia's credit rating went from A to junk, Nokia's share price dropped 60% in value and Nokia's market capitalization lost 13 billion dollars in value.
Posts about Stephen Elop
  • Nokia Back In Mobile Hardware With N1 Android Tablet

    … Oh the irony: Nokia is back as a hardware brand. This is happening because Microsoft has decided to discontinue the Nokia brand name on its Lumia Windows Phones – after paying more than $7 billion for the Nokia hardware division a couple of years ago. Google had courted Nokia and wanted it to become an Android OEM before the latter decided…

    Greg Sterling/ Marketing Land- 6 readers -
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