Nokia names Intel AI chief as new CEO

Analysis: Intel Data Center Boss Justin Hotard Leaves After CEO, AI Chip Shake-Ups
Intel data center and AI boss Justin Hotard is leaving to become Nokia’s next CEO—a move that happened not long after the chipmaker dealt with big shakeups to its leadership team and AI chip strategy.
Justin Hotard Leaves Intel, Named CEO and President of Nokia
Intel's long-term high turnover rate of senior managers holding HPC and AI-related responsibilities continues apace with today's news that Justin Hotard, EVP/GM of the company's Data Center and AI Group,
Nokia Names Intel’s Data Center and AI Head Justin Hotard as New CEO
Nokia appointed Justin Hotard, a tech industry expert in data centers and AI, as its next CEO, in a move that reinforces the company’s ambition to expand into new growth areas.
Intel suffers another blow after C-level staffer leaves to run Nokia
After Intel lost its CEO Pat Gelsinger, the company has suffered another blow as its CEO of Datacenter and AI has now officially joined Nokia.
Intel data center lead Justin Hotard to take over as Nokia's CEO in April
The leadership transition comes as Nokia looks to double down on emerging opportunities in AI, data centers, private wireless networks, and edge computing – areas where
Nokia taps in former Intel AI & data centre boss Justin Hotard as CEO, Pekka Lundmark to step down
The move comes as Pekka Lundmark, who has led the company since 2020, steps down following Nokia’s struggle with declining profits and lost orders, including a major $14 billion contract with AT&T, wh
Nokia appoints Intel's Justin Hotard as new CEO
During Lundmark’s four-and-a-half-year tenure, Nokia's shares achieved an average annualised return of 5%, compared to an 11% return among its industry peers.
Nokia picks Intel's AI and data center leader Justin Hotard as new CEO
Justin Hotard will replaced Pekka Lundmark as CEO of Finnish telecoms company Nokia on April 1. Hotard is currently the EVP and general manager of Data Center & AI Group at Intel.
Nokia picks Intel's AI and data centre leader Hotard as new CEO
Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.
Nokia names Intel's AI data center lead Justin Hotard as new CEO
Nokia has appointed Intel data center executive Justin Hotard as its CEO to replace Pekka Lundmark, who is stepping down. The telecoms vendor announced on Monday that Hotard will take up his new role on April 1, 2025. He currently leads the data center and AI unit at US chipmaker Intel.
Intel's head of datacenter and AI unit leaves to lead Nokia
In an unexpected turn of events Justin Hotard, the executive vice president and general manager of the Data Center and AI Group (DCAI) at Intel, left the company to become chief executive of Nokia. Intel has appointed an internal head for its datacenter and AI unit and will start searching for a new permanent general manager immediately.
Why Intel Stock Is Soaring Today
Intel stock was also aided by comments made by Vice President JD Vance in today's keynote speech at the Paris AI summit. The ...
Intel (NASDAQ:INTC) Loses its AI Chief to Nokia
So chip stock Intel (INTC) just lost Justin Hotard to Nokia Oyj (NOK). This might seem like a blow to Intel’s operations, but ...