Olli-Pekka Kallasvuo

Olli-Pekka Kallasvuo

Olli-Pekka Kallasvuo (born July 13, 1953 in Lavia ) is a Finnish manager. From 2005 to 2010 he was the CEO and General Manager of Nokia .

education

Kallasvuo studied law at the University of Helsinki and obtained a master's degree ( LL.M. ).

Careers at Nokia

In 1980, Kallasvuo joined Nokia as a legal advisor . In the following years, he continued to rise in the company. In 1987 he became assistant to the vice president of the legal department and a year later to the finance department. In 1990 he became a senior vice president of the finance department. Two years later, he was named deputy chairman and chief financial officer and took over the management of the company's cell phone division. On October 1, 2005, he replaced the previous group boss Jorma Ollila , who stepped down after 13 years at the top of the group. Since then, Kallasvuo has been the managing director of Nokia. On February 1, 2006, he also took over the post of ex-CEO of Nokia, Pekka Ala-Pietilä . Stephen Elop succeeded him in both positions on September 21, 2010 .

Before joining Nokia, he held various roles at Union Bank of Finland .

Negative headlines

In 2005, Kallasvuo had to pay a fine of 31,000 euros for not paying tax on the import of luxury goods on a flight from Switzerland to Helsinki . Kallasvuo did not have to appear in court as he did not deny the allegations.

In March 2008, he hit the headlines, especially in Germany, because his salary for 2007 had increased to 3.4 million euros and doubled compared to the previous year, while Nokia employees in Bochum feared for their jobs. This does not include substantial earnings from Nokia equity securities (the share price rose 75% in 2007). The numbers come from a report to the US Securities and Exchange Commission.

Due to his relentless attitude in the dialogue about the closure of the Nokia factory in Bochum with German works councils and politicians, the German media repeatedly accuse him of "arrogance". The negative personal image of Kallasvuos is blamed by commentators for the drop in sales that Nokia suffered in Germany in 2008.

Private

Kallasvuo is married to Ursula Ranin, a former Nokia employee. He has two grown children from his first marriage, Jussi and Anu Kallasvuo.

Footnotes

1. ^ "Nokia board learned of Kallasvuo's tax evasion conviction from media"
2. ↑ "Nokia's new CEO 'was fined for tax fraud'" ( Memento of the original dated December 24, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. 
3. ↑ Rain of money for Nokia boss ( Die Welt )
4. ↑ Is the reputation only ruined ( Der Tagesspiegel )
5. ↑ No wonder in "Nokia Village" ( Daily Topics Comment from January 16, 2009)