LONDON-Outgoing Nokia Corp. Chief Executive Jorma Ollila will move from mobile to motor oil, taking a supervisory position at Royal Dutch Shell plc next year.
The world’s third-largest publicly traded oil company said Ollila will replace Aad Jacobs as its non-executive chairman upon Jacobs’ scheduled retirement from Nokia next June. Ollila, who is credited with transforming Nokia into the world’s No. 1 handset maker, made headlines earlier this week when he said he would leave the Finnish manufacturer next year.
Nokia has named Olli-Pekka Kallasvuo, the head of its mobile-phones business unit, to succeed Ollila.
Shell, which has undergone significant front-office changes since an energy-reserves accounting scandal last year, is hoping Ollila can resurrect its lagging exploration-and-production division.
“We were looking worldwide for a chairman with international standing, a global outlook, and proven success in managing a complex organization,” said Lord Kerr, a Shell deputy chairman who led the search to replace Jacobs. “In Jorma Ollila, we found all these qualities, and more.”
