Nokia appointed Justin Hotard, a tech industry expert in data centers and AI, as its next CEO, in a move that reinforces the company’s ambition to expand into new growth areas.

Nokia’s CEO Pekka Lundmark will step down on March 31, 2024, to pursue new opportunities. Justin Hotard from Intel will succeed him on April 1, aiming to drive Nokia’s growth in data centers and AI, critical to the company’s future strategy.

The long-term high turnover rate at Intel of senior managers holding HPC and AI-related responsibilities continues apace with today’s news that Justin Hotard, EVP/GM of the company’s Data Center and AI Group,