US EditionNokia Chair Sari Baldauf to Step Down, Vice Chair Timo Ihamuotil to Succeed. Details Here
- On Thursday, january 29, Nokia announced Sari Baldauf will step down and propose Timo Ihamuotila, its vice chair and former CFO, as her successor.
- Carrying out one of its biggest restructurings, Nokia Corporation aims to reposition the company around AI and data center demand, following last year's appointment of Justin Hotard, Nokia CEO.
- Fourth-Quarter results showed comparable operating profit fell 3% to 1.05 billion euros while net sales reached 6.12 billion euros and Optical Networks rose 17% on AI and cloud demand.
- Shares fell 6% in early Helsinki trading after Nokia flagged margin pressures from US import tariffs and a weaker dollar, while maintaining dividend guidance at up to 14 euro cents per share.
- Amid the AI pivot, Nokia views its Optical Networks unit as critical to scaling AI infrastructure, and the board change could affect execution of this pivot and ongoing restructuring under CEO Justin Hotard.
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Why Is Nokia Stock Down 8% Today?
Key PointsNokia’s fourth-quarter results and 2026 guidance were good.A sweeping sell-off of most of the market’s top AI stocks, however, also ensnared NOK.Whatever the reason, Thursday’s big dips are a long-term buying opportunity for most of these technology names, including Nokia.10 stocks we like better than Nokia › Nokia (NYSE: NOK) shares should seemingly be up today. The Finnish telecom-technology company's fourth quarter revenue grew 3% y…
Kirby (NYSE:KEX) Issues Quarterly Earnings Results
Kirby (NYSE:KEX - Get Free Report) issued its quarterly earnings results on Thursday. The shipping company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.06. Kirby had a net margin of 9.22% and a return on equity of 10.05%. Kirby's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 EPS.
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Nokia chair to step down, AI push supports Q4 profit
Finland's Nokia said on Thursday that longtime chair Sari Baldauf planned to step down and the telecom gear maker would propose Timo Ihamuotila as her successor, after a push into artificial intelligence helped it meet quarterly earnings expectations.
Nokia chair Sari Baldauf to step down, Vice chair Timo Ihamuotil to succeed. Details here
Nokia's chair Sari Baldauf is resigning, to be replaced by Timo Ihamuotila. The company is pushing into AI to counteract declining earnings, while shares dropped 6%. Baldauf has been a key figure at Nokia since the early 1980s.
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