Nokia - The First non-Finnish Director in Nokia's History
Time: Friday Sep 10, 2010
Place: Espoo, Finland
Details: On 10 September 2010, Olli-Pekka Kallasvuo was fired as CEO and it was announced that Stephen Elop from Microsoft would take Nokia's CEO position, becoming the first non-Finnish director in Nokia's history. Ollila had also announced that he would step down as Nokia chairman by 2012. On 11 March 2011 Nokia announced that it had paid Elop a $6 million signing bonus as "compensation for lost income from his prior employer", on top of his $1.4 million annual salary.
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