Nokia CEO Needs Silicon Valley Thinking, Owners Say
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Nokia Oyj needs a new chief executive officer with Silicon Valley experience who can better position the world’s biggest maker of mobile phones against Apple Inc. and Research In Motion Ltd., investors said.
“The Apple brand promises fun, the BlackBerry brand stands for serious work, but what does Nokia stand for?,” said Ulf Moritzen, who helps manage 1 billion euros ($1.29 billion) at Hamburg-based Aramea Asset Management including Nokia shares. “Nokia needs someone who positions the company in an aggressive and clear way.”