Nokia , the world's largest phone maker by volume, has started to look for a new chairman to take over at next year's annual general meeting, current chairman Jorma Ollila said on Tuesday. Ollila, who led Nokia's transformation from a rubber boots-to-TVs conglomerate into a mobile-phone giant in the 1990s, on Tuesday confirmed his plan to step down.
"It was a tough year, and I expect the year ahead to be a tough one too," Ollila told shareholders.
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