Nokia's CEO Jorma Ollila Appointed to Ford Motor Company Board

Strategic Insights -

Jorma Ollila, the chairman and CEO of Nokia Corp., has joined the Board of Directors of Ford Motor Company, with his appointment effective January 12, 2000. This move reflects Ollila's reputation as a strategic business leader, having transformed Nokia into a wireless technology and internet pioneer. Ford's Chairman, Bill Ford, sees Ollila's leadership as a great asset, highlighting the company's heritage and vision for the future. Ollila looks forward to working with Ford in this exciting time, drawing on his experience as Nokia's president and CEO since 1992.

Key Takeaways:

  • Jorma Ollila, Nokia's CEO, was elected to Ford Motor Company's Board of Directors on January 12, 2000.
  • Ollila's appointment brings the total number of Ford board members to 13.
  • As Nokia's president and CEO since 1992, Ollila has overseen the company's transformation into a wireless technology and internet leader.
  • Ollila's international reputation as a strategist and business leader was noted by Ford's Chairman, Bill Ford, who sees him as a great asset to the company.
  • The appointment of Ollila follows that of former U.S. Treasury Secretary Robert E. Rubin on November 11, 1999.
  • Ollila's background includes serving as a member of Nokia's Board of Directors since 1995 and Chairman since 1999.
  • Nokia, headquartered in Finland, is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks.

Statistics:

  • 100 years: the heritage of Ford Motor Company
  • 1992: the year Jorma Ollila became president and CEO of Nokia
  • 1995: the year Jorma Ollila started serving on Nokia's Board of Directors
  • 1999: the year Jorma Ollila became Chairman of the Nokia Board of Directors
  • 2000: the year Jorma Ollila's appointment to Ford Motor Company's Board of Directors was effective
  • 11: the number of previous appointments to Ford's Board of Directors in 1999 (including Robert E. Rubin)

Sources:

  • PRNewswire (January 13, 2000)
  • Ford Motor Company Announcement (January 12, 2000)
  • Nokia Corporation Profile (2000)
  • Robert E. Rubin Biography (1999)