Stephen Elop May Not Have What It Takes to Revive Nokia

Nokia has chosen Stephen Elop to become its next CEO. But Nokia has seen its market share fall in the past three years, and Elop takes the job with virtually no experience in handsets, turnarounds, or meaningful innovation.
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Nokia Shares Jump in Extended Trading on New CEO Appointment

Nokia (NOK), the Finnish mobile phone maker, jumped in extended trading after appointing Stephen Elop as president and CEO.

Nokia rose 5.3% to $10.28 a share at 6:32 a.m., Eastern time. The shares gained 0.6% to $9.76 on Thursday.

Elop, who is curre…