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Justin Hotard

Justin Hotard

Nokia Reports Significant Profit Decline Amid Tariff Concerns

The Finnish telecom equipment manufacturer Nokia's newly appointed CEO Justin Hotard warns of the effects of new tariffs since the Trump administration took office in the USA. The warning comes in a quarterly report, which shows an unexpectedly large profit decline in the first quarter.
Nokia Reports Significant Profit Decline Amid Tariff Concerns

Nokia changes CEO

Finnish Nokia is changing CEO. Pekka Lundmark is stepping down and is being replaced by Justin Hotard, who is an internal recruitment.
Nokia changes CEO
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