Nokia’s chief executive, Stephen Elop, will move to Microsoft Corp when the deal to acquire Nokia's handset business is closed. Elop was hired as Nokia CEO in 2010 from Microsoft. Nokia board chairman Risto Siilasmaa will take over CEO duties while the Finnish firm is looking for a new CEO.
Elop led Microsoft's business division before becoming chief executive of the Finnish firm Nokia in 2010. Elop has been touted among the favourites to replace Steve Ballmer at Microsoft.
Read the Economic Times news report here.