Nokia has appointed Intel's AI exec Justin Hogard as it seeks to arrest stagnant revenues.

“ [Hotard] has a strong track record of accelerating growth in technology companies along with vast expertise in AI and data center markets, which are critical areas for Nokia’s future growth," commented Sari Baldauf, Chair of Nokia’s Board of Directors.

The company appointed Hotard as it moves to diversify and search for new growth areas outside of its traditional telecom operator market.

Finland's Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role. Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel,

Nokia has shared that it has appointed a new chief executive officer (CEO), as the company attempts to venture more into the artificial intelligence market. View on euronews