In a strategic move to bolster its position in the rapidly evolving technology landscape, Nokia has appointed Justin Hotard, Intel’s Executive Vice President and General Manager of the Data Center & AI Group, as its new CEO, effective April 1, 2025. This leadership transition marks a significant shift for the Finnish telecom giant as it aims to capitalize on emerging opportunities in artificial intelligence (AI) and data center markets.
A New Leader at the Helm
Justin Hotard brings over 25 years of experience in the technology sector, with a proven track record of driving innovation and growth. At Intel, he led the Data Center & AI Group, focusing on advancing AI capabilities and data center solutions. His prior roles include leadership positions at Hewlett Packard Enterprise and NCR Corporation, where he was instrumental in accelerating technological advancements and market expansion.
Nokia’s Chair, Sari Baldauf, expressed confidence in Hotard’s appointment, stating, “He 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.”
Strategic Implications for Nokia
The appointment of an AI and data center expert as CEO underscores Nokia’s strategic intent to diversify beyond its traditional telecommunications equipment business. With the global surge in AI applications and the expansion of data centers, Nokia aims to position itself at the forefront of these burgeoning sectors.
In 2024, Nokia announced plans to acquire U.S. optical networking firm Infinera for $2.3 billion, aiming to enhance its capabilities in data center connectivity—a move aligned with the company’s focus on supporting the growing demands of AI-driven data centers.
Transition Details
Outgoing CEO Pekka Lundmark, who has led Nokia since 2020, will remain as an advisor to Hotard until the end of the year to ensure a smooth transition. Under Lundmark’s leadership, Nokia underwent significant restructuring to improve competitiveness and financial performance.
The leadership change has been well-received by investors, with Nokia’s shares rising by 1.6% following the announcement.
Looking Ahead
As Justin Hotard prepares to take the helm, industry observers will be keen to see how his expertise in AI and data centers will influence Nokia’s strategic direction. His leadership is expected to drive innovation and open new avenues for growth, reinforcing Nokia’s commitment to being a key player in the next generation of technological advancements.
Nokia Appoints Intel’s Justin Hotard as New CEO
