Nokia names new CEO

(Source: New York Times.com 1-August-2005)

Olli-Pekka Kallasvuo set to replace Jorma Ollila as president and COO come 1-June-2006.

Nokia shares fell 0.5% to 13.11 euros on the Helsinki exchange after the announcement was made.

Nokia's estimated 1Q-2005 market share was 30.4%, while rival Motorola's stood at 16.8%