Nokia CEO tells staff: We are being burned
Nokia, the world’s biggest maker of mobile phones, is “standing on a burning platform,” Chief Executive Officer Stephen Elop wrote in an internal memo to employees, according to the Engadget technology blog.
Nokia’s smartphone business lost its leadership to Apple and Google, which “has become a gravitational force, drawing much of the industry’s innovation to its core,” the blog cites the memo as saying.
Elop, 47, who took over as Nokia’s CEO on Sept. 21, is set to unveil his strategy to investors in London on Feb. 11. The executive — the first non-Finn to head Nokia — is cited by the blog as saying in the memo that the company “poured gasoline on our own burning platform” by being unprepared for the changes in the smartphone market.
Elop said the Espoo, Finland-based company had “lacked accountability and leadership to align and direct the company through these disruptive times,” according to Engadget.
Nokia declined to confirm or deny the veracity of the memo, with a spokeswoman saying the company doesn’t comment on rumors.