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Nokia chairman resigns, with regrets

Jorma Ollila, who has been Nokia’s board chairman since 1999, stepped down on Thursday, saying he regretted not leaving the Finnish mobile phone maker he has worked for the past 27 years in better shape.

"Every board chairman would like to be able to leave his successors a flourishing company. I would have hoped to do that," Ollila, who also served as Nokia’s Chief Executive from 1999-2006, told the company’s annual general meeting.

Ollila, who remains board chairman at Royal Dutch Shell, had told shareholders a year ago he would resign at Thursday’s meeting, so his departure came as no surprise.

(Source: Bangkok Post)