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Nokia’s Ollila to Join Shell As Nonexecutive Chairman

THE WALL STREET JOURNAL: Nokia’s Ollila to Join Shell As Nonexecutive Chairman

Thursday 4 August 2005

August 4, 2005 4:16 a.m.

THE HAGUE, Netherlands — Royal Dutch Shell PLC appointed the departing chief executive of Nokia Corp. to be its nonexecutive chairman as of June 2006.

Jorma Ollila, the longtime CEO who helped make Nokia the world’s No. 1 mobile-phone producer, is leaving the Finnish company after 20 years, 13 of them in the top job.

He will replace Add Jacobs at Shell.

Mr. Ollila is widely credited for streamlining management and instituting training programs that have kept Nokia the most popular employer in Finland.

Before joining Nokia, Mr. Ollila worked for Citibank in London and Helsinki.

Mr. Ollila is currently serving as a nonexecutive director at Ford Motor Co.

Nokia earlier this week named Olli-Pekka Kallasvuo, a 25-year company veteran, as its next chief executive to succeed Mr. Ollila when he steps down in June. Mr. Kallasvuo is the head of Nokia’s mobile-phones division and formerly its chief financial officer.

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