Nokia Names Intel’s AI, Data Center Head as New CEO | Global News Avenue

Nokia (Enough) said on Monday that its board of directors has appointed Intel (INTC) Justin Howard CEO (CEO), replacing Pekka Lundmark as Finnish telecom equipment manufacturers hope to enhance their Artificial Intelligence (AI) Business.

Hotard currently leads Intel’s data center and AI group, and he will start new positions on April 1, according to the press release.

Nokia’s board chairman Sari Baldauf said Hotard has a huge expertise in the AI ​​and data center markets, “has a good track record of accelerating the growth of technology companies, which is key to Nokia’s future growth.” field.”

Lundmark became Nokia’s CEO in August 2020.

Intel(INTC) has been struggling loss And stand out from previous glory as it lags behind manufacturing and cutting-edge chips for AI Darling Nvidia (NVDA). Hotard exports from Intel follow Leaving suddenly The company’s CEO Pat Gelsinger in December.

Nokia shares rose about 1% in trading Monday morning and more than 30% over the past year. Hotard’s appointment followed after Finnish telecom companies’ net sales fell by 9% last year.