Nokia has chosen Justin Hotard, Intel’s AI and data center chief, as its new CEO. The move shows how Nokia wants to strengthen its position in AI technology alongside its network business.
Hotard will start his new job on April 1, 2025. He’s taking over from Pekka Lundmark, who has run Nokia since 2020. At Intel, Hotard managed the division that builds computer systems for AI. Before that, he worked at other big tech companies like HP and NCR for over 25 years.
Why does this matter? Nokia’s sales of 5G network equipment have been declining, as stated in their announcement. The company is looking to diversify into growing areas like AI and data centers. Hotard knows a lot about AI and data centers, two areas where Nokia wants to grow.
“Networks are the backbone that power society and businesses,” Hotard said when his new job was announced. He’s right – every time you use your phone or the internet, you’re using the kind of networks Nokia builds. Now these networks are becoming more important for AI systems too.
Nokia’s current CEO, Lundmark, made the company stronger in 5G technology during his time in charge. He also helped Nokia make more money from its technology patents. Now Hotard needs to help Nokia adapt to a world where AI is becoming more important.
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The change in leadership represents an important shift for Nokia’s future direction. This suggests the company is committed to expanding its technology capabilities.
Sari Baldauf, who leads Nokia’s board, explained why they chose Hotard: “He has a strong track record of accelerating growth in technology companies along with vast expertise in AI and data center markets.” In simple terms, he knows how to help tech companies grow and understands the technologies Nokia wants to focus on.
What’s next for Nokia? The company faces some challenges. It needs to balance its traditional network equipment business while expanding into AI and data center technology. Hotard’s experience could help with this change. He’ll have some help – Lundmark will stay on as an advisor until the end of 2025 to make the switch smoother.
This change at Nokia shows how the tech world is changing. Phone networks aren’t just for calls and the internet anymore – they’re becoming the foundation for AI systems. Hotard’s job will be to help Nokia succeed in this new world.
