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Former Rovio CEO hired to help relaunch Nokia brand phones

Aug. 15, 2016 12:21 PM ETNokia Oyj (NOK) StockNOKBy: Jason Aycock, SA News Editor31 Comments
  • HMD Global -- the new company set to reintroduce Nokia (NYSE:NOK) brand phones -- has hired Pekka Rantala, former CEO of Rovio, the maker of game hit Angry Birds.
  • Rantala will be chief marketing officer for HMD, which has an exclusive 10-year licensing deal to make Nokia brand phones and tablets. He was a 17-year Nokia veteran before joining Rovio last year.
  • HMD's Nokia devices will run on Android, and will be manufactured and distributed by FIH Mobile (a unit of Foxconn). Nokia will receive royalties on sales of the devices.

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