stephen elop

 

We’re getting closer and closer to the closing of the Microsoft and Nokia deal. Besides buying Nokia’s handset division, one big change is that Nokia’s Stephen Elop will return to Microsoft as an executive vice president. He’ll take over the Devices and Services division, which Julie Larson-Green is currently in charge of. We haven’t known what’s next for Julie within Microsoft, but now we do. And it looks to be a bit of a demotion.

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Microsoft is soon to seal the deal and acquire Nokia's hardware division, which will include Lumia, Asha and X family of mobile devices. During today's keynote, Nokia CEO Stephen Elop focused fairly heavily on Microsoft and its services. Skype, OneDrive, Outlook, Skype, OneDrive – you get the idea. But just how many times did Elop and co. talk about Microsoft during the presentation?

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It’s been nearly three months since Microsoft announced plans to acquire Nokia’s handset division. The deal has a few final steps to go through being finalized. One of those steps recently happened. Last Tuesday, Nokia shareholders finalized the 7.2 billion dollar transfer of Nokia’s phone division to Microsoft. That meeting wasn’t without its fair share of critics, most aimed at Stephen Elop. However, Nokia Chariman and interim CEO, Risto Siilasmaa, defended Stephen Elop and the sale of Nokia’s handset division.

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The time is nigh. Steve Ballmer announced his retirement plan not very long ago, leaving Microsoft quite little time to find the best candidate for its next CEO.

There have been rumors all around, highlighting key figures like Stephen Elop and Alan Mulally. Now a new round of rumors has arrived, saying that the board of directors at Microsoft has already made up their collective mind on this matter, and the decision is sort of surprising and not surprising at the same time.

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Since Steve Ballmer declared his retirement from Microsoft as CEO, speculations on who will be the next big boss have been tossed around. One of the top candidates who appears on every list is the former CEO of Nokia, Stephen Elop; he supposedly had the heart to run Microsoft, but recent information that we reported on this morning has shown that he may do more damage than good.

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Steve Ballmer has been Microsoft’s CEO since 2000. That’s over 13 years ago for you mathematicians out there. Earlier this summer, he announced plans to step down as CEO sometime during the next year. Who’s going to be the next CEO of Microsoft? We’ve heard reports of Nokia’s Stephen Elop, Ford’s Alan Mulally and others. Now Reuters is claiming the list has been narrowed even further. Who made the cut? Read on to find out.

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Nokia World is still going strong in Abu Dhabi and we have plenty of coverage yet to bring you today, but one of those is of high priority: Executive Vice President, Devices & Services, Stephen Elop. Of course many of you know him as the former President and CEO of Nokia (until Microsoft agreed to buy the hardware division of Nokia in early September). That change will eventually result in Elop becoming Executive Vice President at Microsoft once the deal is finalized in early 2014.

In a roundtable discussion with a select few in the media, we were able to ask Elop about today’s announcements, which included the Lumia 1320, Lumia 1520 and Lumia 2520 and new Asha devices.

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Microsoft is looking to buy Nokia (or at least its devices and services division), that has already been covered numerous times. Now, Steve Ballmer is reported to have been in Beijing to visit Stephen Elop and Nokia. Now, the actual deal between the two companies is still yet to be finalised and approved, but these are clear signs that the two parties are already preparing discussions and more.

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According to Bloomberg, Microsoft is set on finding a replacement for Steve Ballmer before the end of this year. Sources have stated that the company is currently reviewing a list of possible candidates as a successor. The choices are currently being narrowed down and lists of declined candidates and candidates currently up for consideration have arisen.

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Two and a half weeks ago Microsoft announced their intent to buy the devices and services division Nokia. At that time, Stephen Elop stepped down as CEO of Nokia to become the VP of the devices and services division. This would allow him to move to Microsoft when the deal completes sometime in early 2014. He’s also getting a hefty payout as part of the deal. How much?

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Shortly after joining Nokia as CEO, Stephen Elop issued a company internal memo titled “Burning Platform”. The memo served as a wake-up call for Nokia to rethink their strategy going forward in regards to which mobile platform they were going to build the company upon. It was then a couple of months later at Mobile World Congress 2011 that Nokia announced they would be using Microsoft’s Windows Phone operating system.

Since then, tech pundits and consumers alike have cried for a high-end Nokia smartphone running Android. Nokia has always shot down those pleas, but that might not having always been the case internally. Nokia had Android running on Lumia hardware at one point.

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In a few short weeks we’ll hopefully be learning more and getting our hands on the Nokia Lumia 1520. It’s the upcoming device from Nokia that will be the first Windows Phone 8 device with a 1080p display and a quad-core processor. Earlier this summer we heard that Nokia had an event planned for September 26th in New York City, however dates could be changing due to the Microsoft deal.

Regardless, wherever and whenever Nokia decides to announce the Lumia 1520 we’ll be there to give you guys and gals coverage. But before then, we wanted to share an image of Stephen Elop and the Lumia 1520.

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Monday night was supposed to be the end of a holiday here in the United States. Not the start of one of the biggest tech news of the year. It was just two days ago we learned of Nokia agreeing to be bought by Microsoft. Over the course of the evening and subsequent days we read, analyzed, and discussed the issue.

Over at AllThingsD.com we learn the inside story of how the Microsoft/Nokia deal came to be from Ina Fried.

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As of this moment, Stephen Elop is no longer CEO of Nokia. He has since vacated that position and now holds the title of executive vice president of Nokia’s Devices and Services division. Why did he do that? Didn’t you hear? Microsoft bought Nokia for 7.1 billion dollars. We’ve heard that Stephen Elop is reportedly on the "short list" to replace Steve Ballmer as CEO at Microsoft. How does this deal change the landscape?

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It's been something mused over for the past few years as a "what if" scenario, and tonight it has come to fruition: Microsoft is buying Nokia's Device and Services Unit and licensing the company's patent portfolio. Since partnering with Microsoft in early 2011 and launching the Lumia line of Windows Phone handhelds Nokia has held a leading and premiere position in the Windows Phone space, though they have struggled to gain significant market share and profitability even with the financial support of Microsoft. The deal is expected to close in the first quarter of 2014, with Microsoft paying €3.79 billion for the Devices and Service Unit, and another €1.65 billion for the licensure of Nokia's patent portfolio.

The deal will see around 32,000 Nokia employees transferred to Microsoft. Additionally, Nokia CEO Stephen Elop is stepping aside as the company's chief executive, replaced by Risto Siilasmaa as interim CEO (formerly chairman of the Nokia Board of Directors). Elop isn't going away - he's assumed the role of Nokia Executive Vice President of Devices & Services - in other words, he's in charge of the division of Nokia that is being sold to Microsoft, and thus will be one of the 32,000 employees making the transition.

The deal is, of course, subject to approval by Nokia's shareholders. To wit, an "extraordinary general meeting" of said shareholders has been called for 19 November 2013. Microsoft and Nokia expect the deal to close in the first quarter of 2014. The total deal adds up to €5.44 billion, or $7.12 billion in US dollars.

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According to a report over on AllThingsD, the departure of Microsoft CEO Steve Ballmer is more sudden than what was portrayed by the company's announcement. Ballmer will be retiring within the next year in a planned transition with a replacement to be found. The board of directors will be working with executive recruiting firm Heidrick & Struggles International to get the best name for the job.

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