05:05 AM EST, 02/10/2025 (MT Newswires) -- Nokia ( NOK ) said Monday it has named Justin Hotard to succeed Pekka Lundmark as chief executive officer, effective April 1.

Hotard currently leads Intel's ( INTC ) Data Center and AI Group.

Lundmark, who is stepping down from the role on March 31 after serving as CEO since 2020, will continue as an adviser to Hotard until the end of the year.