WSJ: Nokia searching for new CEO

Nokia, the world's leading mobile phone maker but a struggling company when it comes to gaining traction in the newer smartphone market, is in search of a new CEO, according to a Wall Street Journal report today.

The WSJ, citing unnamed sources, said that the company's board of directors is "serious about making a change." For current CEO Olli-Pekka Kallasvuo, who joined the company the year before the iPhone was introduced by Apple, it's been a rough year. Since May, there's been some reshuffling of upper management, lowered profit warnings, and a delay to a new version of the Symbian OS.

Nokia may have the lead in mobile phone sales but the likes of Google with its Android OS and Apple with its iOS4 have gotten ahead of Nokia in the smartphone game - and continue to rise. If a company like Nokia is lookng to get back in the game, then it needs something fresh and different - something that can divert some consumer attention away from iPhone and Android.