Seems all is not well with HMD, the Finland based company that acquired Nokia sometimes back. The news is cropping up that Company’s CEO Arto has resigned from his post and handed over his responsibilities to thye HMD Board.
The company released a press note to confirm the news. The note reads that Chief Executive Officer Arto Nummela has put his papers through a mutual agreement between him and the HMD Global Board of Directors.
It’s still unclear what led to his resignation and what his future plans are. Meanwhile, HMD’s President Florian Seiche has been appointed acting CEO till the company finds a new face for the position.
Chairman of the HMD board Sam Chin said:
“Arto Nummela has played a key role in the creation of the HMD Global operation, building the team and launching our first products. On behalf of the whole Board, I thank Arto for his contribution and wish him well in his future endeavors.”
To recall, HMD acquired ailing phone manufacture Nokia sometimes back and launched number of spec heavy smartphone under the Nokia brand name. As per the acquisition terms, HMD will be responsible for manufacturing all of Nokia’s upcoming phones for ten years in a row in association with Foxconn.
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