Nokia's Board of Directors has agreed with Jorma Ollila on the extension of his contract as Chairman and CEO of Nokia for an additional five years through 2006. Mr. Paul J. Collins, Nokia's Vice Chairman of the Board and Chairman of the Personnel Committee, says that the Board warmly welcomes the agreement.
"Nokia's Board and Jorma Ollila agreed that ensuring continuity of leadership and management is particularly critical as we face an unprecedented technological transition in the mobile communication business. This contract extension meets that need," said Mr. Collins.
Jorma Ollila (51) joined Nokia in 1985, was appointed President and CEO in 1992, and became a member of Nokia's Board of Directors in 1995. He has been Nokia's Chairman and CEO since 1999.
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