Stephen Elop

Stephen Elop
Born 31 December 1963 (1963-12-31) (age 48)
Ancaster, Ontario, Canada
Occupation President & CEO, Nokia Corporation

Stephen Elop (born 31 December 1963) is the chief executive officer of Nokia Corporation. A Canadian citizen, Elop is the first non-Finn to be named CEO of Nokia. He replaced Olli-Pekka Kallasvuo in this position on September 21, 2010.[1][2]

Contents

Career

Elop was the CEO of Macromedia for three months before it was announced to be acquired by Adobe. Before that he had worked at Macromedia for seven years, the last of which he was the Chief Operating Officer[3][4][5][6]

He was the COO of Juniper Networks for exactly one year. He had been president of worldwide field operations at Adobe Systems for six months (December 2005-June 2006) after Adobe acquired Macromedia when he tendered his resignation.[7][8][9]

Before starting at Nokia, Elop worked for Microsoft from January 2008 to September 2010 as the head of the Business Division, responsible for the Microsoft Office line of products, and as a member of the company's senior leadership team. During his time at Microsoft, the Business Division released Office 2010.[10]

Nokia announced on March 11, 2011 that it had paid Elop a $6 million signing bonus, “compensation for lost income from his prior employer," on top of his $1.4 million annual salary.[11]

"Burning Platform" and Windows Phone 7

Shortly after joining Nokia, Elop issued a company internal memo titled “Burning Platform”,[12] that was immediately leaked to the press. The memo likened the 2010 situation of Nokia in the smartphone market to a person standing on a burning oil platform (in software, "platform" is used to refer to frameworks such as Symbian, Apple iOS and Google Android.)

Technology insiders and journalists have since remarked that the memo was a wake-up call for Nokia (“It is one of the most combustible and gripping documents ever to emerge from a major corporation.” (BBC)[13] and “With its elegant writing style and brutal honesty, the 1,200-word missive is far removed from the average management pep talk.” (Financial Times)[14]). The memo has also been referenced as a guide for other business and political leaders such as Cisco’s John Chambers.[15]

In February 2011, Elop announced a new strategy for Nokia, which included shifting its smartphone operating system from Symbian to Microsoft’s Windows Phone 7. During the transition, Nokia released two new versions of its Symbian operating system, the Meego-based N9 and five dual SIM feature phones. First Nokia Windows Phone 7 smartphones shipped in November 2011.

Some technology writers have criticised Elop for the decision to move away from Symbian and MeeGo platforms to Windows Phone 7.[16][17]

Education

From 1981, Elop studied computer engineering and management at McMaster University, Hamilton, Ontario, graduating second in his class with a bachelor's degree in 1986. Stephen found time to help lay 22 kilometers of Ethernet cable around campus to create one of the first Internet networks in Canada.[18][19]

Personal life

Elop was born in Ancaster, Ontario, Canada.[20] In his spare time, he is an avid recreational pilot. He is married to Nancy Elop, with whom he has five children, including triplets.[6]

References

  1. ^ "Nokian Kallasvuo sai potkut, seuraaja Microsoftilta" (in Finnish). Helsingin Sanomat. September 10, 2010. http://www.hs.fi/talous/artikkeli/Nokian+Kallasvuo+sai+potkut+seuraaja+Microsoftilta/1135260038101. Retrieved 10.9.2010. 
  2. ^ "Nokian toimitusjohtaja vaihtuu" (in Finnish). Kauppalehti. September 10, 2010. http://www.kauppalehti.fi/5/i/talous/uutiset/etusivu/uutinen.jsp?oid=20100917935. Retrieved 10.9.2010. 
  3. ^ "How will Stephen Elop fare at Microsoft?". ComputerWorld. January 11, 2008. http://blogs.computerworld.com/how_will_stephen_elop_fare_at_microsoft. Retrieved 2011-02-17. 
  4. ^ "Stephen Elop". CrunchBase. n.d.. http://www.crunchbase.com/person/stephen-elop. Retrieved 2011-02-17. 
  5. ^ Biography at Microsoft News Center
  6. ^ a b ""Kenraali" Elop astuu Nokian johtoon" (in Finnish). Helsingin Sanomat. September 10, 2010. http://www.hs.fi/talous/artikkeli/Kenraali%E2%80%9D+Elop+astuu+Nokian+johtoon/1135260042762. Retrieved 10.9.2010. 
  7. ^ "Stephen Elop Resigns". Flash Insider. June 16, 2006. http://www.flashinsider.com/2006/06/16/stephen-elop-resigns/. Retrieved 2011-02-17. 
  8. ^ "Microsoft beware: Stephen Elop is a flight risk". SiliconBeat. January 11, 2008. http://www.siliconbeat.com/2008/01/11/microsoft-beware-stephen-elop-is-a-flight-risk/. Retrieved 2011-02-17. 
  9. ^ "Who is Microsoft's new business division leader, Stephen Elop?". ComputerWorld. January 11, 2008. http://www.computerworld.com/s/article/9057001/Who_is_Microsoft_s_new_business_division_leader_Stephen_Elop_. Retrieved 2011-20-17. 
  10. ^ "Microsoft's big gamble with free Office". April 01, 2010. http://news.cnet.com/8301-13860_3-20001553-56.html. Retrieved 2011-21-11. 
  11. ^ "Nokia pays big bucks for Elop: Former Microsoft executive receives $6M signing bonus". GeekWire. March 11, 2011. http://www.geekwire.com/2011/nokia-pays-big-bucks-elop. Retrieved 2011-03-11. 
  12. ^ Elop, Stephen (2011-09-02). "Full Text: Nokia CEO Stephen Elop’s ‘Burning Platform’ Memo". TechEurope (The Wall Street Journal). http://blogs.wsj.com/tech-europe/2011/02/09/full-text-nokia-ceo-stephen-elops-burning-platform-memo/. Retrieved 2011-09-28. 
  13. ^ "Nokia's burning platform". February 09, 2011. http://www.bbc.co.uk/blogs/thereporters/rorycellanjones/2011/02/nokias_burning_platform.html. Retrieved 2011-21-11. 
  14. ^ "Nokia chief gambles on honesty". February 09, 2011. http://www.ft.com/cms/s/0/55e874ca-347b-11e0-9ebc-00144feabdc0.html#axzz1bQVD0YUi. Retrieved 2011-21-11. 
  15. ^ "Read Cisco CEO’s Mea Culpa: “No Excuses”". April 05, 2011. http://voices.allthingsd.com/20110405/read-cisco-ceo%E2%80%99s-mea-culpa-no-excuses/?mod=googlenews. Retrieved 2011-21-11. 
  16. ^ Ahonen, Tomi T. (2011-08-11). "Coining Term: "Elop Effect" when you combine Osborne Effect and Ratner Effect". Communities Dominate Brands. http://communities-dominate.blogs.com/brands/2011/08/coining-term-elop-effect-when-you-combine-osborne-effect-and-ratner-effect.html. Retrieved 2011-09-28. 
  17. ^ Brockmeier, Joe (2011-09-08). "The 5 Worst CEOs in Tech". ReadWrite Enterprise. http://www.readwriteweb.com/enterprise/2011/09/the-five-worst-ceos-in-tech.php. Retrieved 2011-09-28. 
  18. ^ "Stephen Elop's profile". LinkedIn. http://www.linkedin.com/pub/stephen-elop/1/3a0/b31. Retrieved 10 September 2010. 
  19. ^ "Stephen Elop's Nokia Adventure". Business Week. June 2, 2011. http://www.businessweek.com/print/magazine/content/11_24/b4232056703101.htm. Retrieved 2011-06-02. 
  20. ^ "Bio: Stephen Elop". Bloomberg Businessweek. June 25, 2009. http://www.businessweek.com/magazine/content/09_27/b4138032168910.htm. Retrieved 10 September 2010. 

External links

Business positions
Preceded by
Olli-Pekka Kallasvuo
Nokia Corporation CEO
2010–
Succeeded by