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Encyclopedia > Jorma Ollila
Jorma Jaakko Ollila
Born August 15, 1950 (1950-08-15) (age 57)
Flag of Finland Seinäjoki, Finland
Occupation Non-Executive Chairman and former CEO of Nokia Corporation and Non-Executive Chairman of Royal Dutch Shell

Jorma Jaakko Ollila (born in Seinäjoki, Finland, on August 15, 1950) is the Chairman (1992– ) and former CEO of the Nokia Corporation (1992–2006) and Member of the Board of Directors of Ford Motor Company (2000– ), UPM-Kymmene (1997– ), and Otava Books and Magazines Group Ltd. (1996–). is the 227th day of the year (228th in leap years) in the Gregorian calendar. ... Year 1950 (MCML) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ... Image File history File links Flag_of_Finland. ... Founded 1868 Country Finland Province Western Finland Region Southern Ostrobothnia Sub-region Seinäjoki Area 603 km² Population - Density 36,419 (Dec 31, 2005) 60 inh. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... This article is about the telecommunications corporation. ... Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. ... Founded 1868 Country Finland Province Western Finland Region Southern Ostrobothnia Sub-region Seinäjoki Area 603 km² Population - Density 36,419 (Dec 31, 2005) 60 inh. ... is the 227th day of the year (228th in leap years) in the Gregorian calendar. ... Year 1950 (MCML) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... This article is about the telecommunications corporation. ... In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ... “Ford” redirects here. ... UPM-Kymmene (NYSE: UPM) is a Finnish pulp and paper manufacturer. ...


As of June 1, 2006 he became the Non-Executive Chairman of Royal Dutch Shell and Non-Executive Chairman of Nokia. is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. ...

Contents

Career and Education

After elementary school education in Kirkon koulu in Kurikka Finland, Ollila started high school studies in Vaasa, in Vaasan Lyseon Lukio. Ollila studied during high school with the help of a scholarship at the renowned Atlantic College, where he earned his A-levels. He then went on to study for a Master of Political Science (University of Helsinki), a Master of Science (Econ.) (London School of Economics, LSE) and a Master of Science (Eng.) in Engineering Physics (Helsinki University of Technology). In 2003, he was elected an Honorary Fellow of the London School of Economics (LSE), and was awarded Honorary Membership of the Institute of Electrical and Electronics Engineers (IEEE). Ollila has also earned Honorary Doctorates from both the University of Helsinki and Helsinki University of Technology. Kurikka is a municipality of Finland. ... Founded 1606 Province Western Finland Region Ostrobothnia Sub-region Vaasa Area - Of which land - Rank 397 km² 183 km² ranked 345th Population - Density - Rank 57,266 (2005) 311. ... This article is about scholarship (noun) and scholarship as a form of financial aid. ... The United World College of the Atlantic, more commonly referred to simply as Atlantic College, is an internationally-prestiged private boarding school in Wales, United Kingdom. ... The A-level, short for Advanced Level, is a General Certificate of Education qualification in the United Kingdom, usually taken by students during the optional final two years of secondary school (Years 12 & 13, commonly called the Sixth Form), or at a separate sixth form college or further education college... University of Helsinki is not to be confused with Helsinki University of Technology. ... A masters degree is an academic degree usually awarded for completion of a postgraduate course of one or two years in duration. ... Mascot Beaver Affiliations University of London Russell Group EUA ACU CEMS APSIA Golden Triangle G5 Group Website http://www. ... Engineering physics (EP) is an academic degree, usually at the level of Bachelor of Science. ... Helsinki University of Technology (TKK) (Finnish: Teknillinen korkeakoulu; Swedish: Tekniska högskolan) is the premier technical university in Finland and the largest in the Nordic Countries with over 15000 students. ... Mascot Beaver Affiliations University of London Russell Group EUA ACU CEMS APSIA Golden Triangle G5 Group Website http://www. ... Not to be confused with the Institution of Electrical Engineers (IEE). ... An Honorary degree (Latin: honoris causa ad gradum) is a degree awarded to someone by an institution that he or she may have never attended, it may be a bachelors, masters or doctorate degree - however, the latter is most common. ... University of Helsinki is not to be confused with Helsinki University of Technology. ... Helsinki University of Technology (TKK) (Finnish: Teknillinen korkeakoulu; Swedish: Tekniska högskolan) is the premier technical university in Finland and the largest in the Nordic Countries with over 15000 students. ...


Ollila is known to have been very active in student politics during his studies, and still today participates in Finnish political debate. He honed his abilities in practical leadership in the Finnish Defence Forces, where he ranks as a captain in the reserves. While attending the Finnish Reserve Officer School he was the Chairman of his Reserve Officer Course. Student politics is a broad term that can mean either, 1) The politics engaged in by students (also know as the Student movement or student activism), which may mean street protests, sit-ins, or a student strike. ... The Finnish Defence Forces (Finnish Puolustusvoimat; Swedish Försvarsmakten) is a cadre army of 16500, of which 8700 professional soldiers (officers), with a standard readiness strength of 34,700 people in uniform (27,300 army, 3,000 navy, and 4,400 air force). ... The Finnish defence doctrine relies on the principle of territorial defence which means that the whole of Finland must be defended in all cases. ...


Prior to joining Nokia in 1985 Jorma Ollila worked eight years in corporate banking at Citibank's London and Helsinki offices, and when he joined Nokia his tasks involved international investment deals. A year later, in 1986, Ollila found himself as head of Finance during Nokia's renewal under then CEO Kari Kairamo. His career at Nokia continued as he was appointed as chief of the mobile phones section in 1990, and CEO two years later in 1992. When Ollila first came into power the company had suffered from internal disputes and had been run into a financial crisis over a number of years. Citibank is a major international bank, founded in 1812 as the City Bank of New York. ... Kari Kairamo (1932 - 1988) was the former CEO of Nokia and a significant and popular industry person who was also actively involved in Finlands foreign policy. ...


As CEO of Nokia he has been the leader of the strategy that restructured the former industrial conglomerate into one of the major companies in the mobile phone and telecommunications infrastructure markets. Telecommunication involves the transmission of signals over a distance for the purpose of communication. ...


In 1999 Ollila seriously considered taking part in the Finnish presidential election following a request from a member of National Coalition Party, Sauli Niinistö[citation needed] who was at that time Finnish finance minister and who later became a Director at the European Investment Bank. This was in spite the fact that Ollila belongs to a different party, Finnish Centre, whom he has been involved with since his activities in student politics at the University of Helsinki[citation needed]. The National Coalition Party (Kansallinen Kokoomus or Samlingspartiet) is a political party in Finland. ... Sauli Niinistö Sauli Väinämö Niinistö (born August 24, 1948, Salo, Finland) is a Director at the European Investment Bank, a lawyer, former Finnish finance minister and was the Kokoomus candidate in the 2006 presidential election. ... The finance minister is a cabinet position in a government. ... The European Investment Bank (the Banque Européenne dInvestissement) is the European Unions financing institution and was established under the Treaty of Rome (1957) to provide loan finance for capital investment furthering European Union policy objectives, in particular regional development, Trans-European Networks of transport, telecommunications and energy... ...


He acted as CEO and the Chairman of Nokia from 1999 to 2006 although he still serves as a part-time Chairman. He was succeeded as CEO by Olli-Pekka Kallasvuo. Olli-Pekka Kallasvuo (born 1953) is a Nokia executive who is appointed President and Chief executive officer of Nokia Corporation, starting from June 1, 2006. ...


Ollila is the Chairman of the Research Institute of the Finnish Economy (ETLA), the most reputed economic and social studies think tank in Finland. ETLA or Elinkeinoelämän tutkimuslaitos, in English The Research Institute of the Finnish Economy, is a major Finnish think tank for economic, policy and social studies. ...


The Challenge of Shell

Ollila is the first non-Dutch / non-British person to be the Chairman of Shell. He is also the first Chairman chosen for this multinational corporation in its new corporate form of Royal Dutch Shell. A multinational corporation (MNC) is a corporation or enterprise that manages production establishments or delivers services in at least two countries. ... Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. ...


Whilst in the past both of Shell's "parent" companies ("Royal Dutch" and "Shell" Transport and Trading) have had non-executive directors (often very distinguished ones) none of them has become very involved in the day to day running of Shell's huge business. It has been suggested that this has been a contributory factor in some of Shell's business failures and reputational problems. Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way in which a corporation is directed, administered or controlled. ...


Ollila has been appointed following a nine month long search to find the right person and it is clear that he will be expected to be fairly hands on. It is reported that he will spend two to three days a week on his Shell duties which suggests that he will be quite intimately involved in the detail of both Shell's recovery from its problems and in the development of a new direction for this much troubled corporation.


Badges of Honor

There are three official orders in Finland: the Order of the Cross of Liberty, the Order of the White Rose of Finland and the Order of the Lion of Finland (Suomen Leijonan ritarikunta). ... “Peking” redirects here. ... The Bundesverdienstkreuz (the official name is Verdienstorden der Bundesrepublik Deutschland, Order of Merit of the Federal Republic of Germany) is the only general Order of Merit of the Federal Republic of Germany. ... There are three official orders in Finland: the Order of the Cross of Liberty, the Order of the White Rose of Finland (Valkoisen Ruusun ritarikunta) and the Order of the Lion of Finland. ... Order of Orange-Nassau Knights Medal, military division (male version) The Order of Orange-Nassau (Dutch: Orde van Oranje Nassau) is a military and civil order of the Netherlands which was first created on 4 April 1892 by the Queen regent Emma of the Netherlands, acting on behalf of... The Order of the White Star (Estonian: Valgetähe Teenetemärk, French: Ordre de lEtoile Blanche) was instituted by Konstantin Päts on 7 October 1936. ...

External links

Persondata
NAME Ollila, Jorma
ALTERNATIVE NAMES Ollila, Jorma Jaakko
SHORT DESCRIPTION Finnish businessman
DATE OF BIRTH August 15, 1950
PLACE OF BIRTH Seinäjoki, Finland
DATE OF DEATH
PLACE OF DEATH

  Results from FactBites:
 
Nokia - Compensation (5077 words)
Ollila was the company’s CEO until June 1, 2006 and received stock options, performance shares and restricted shares in that capacity until the said date.
Ollila was entitled to retain all vested and unvested stock options granted to him prior to June 1, 2006 as approved by the Board of Directors.
Ollila and as of March 31, 2006 of EUR 17.08 in respect of Mr.
Jorma Ollila 1950— - EDUCATION AND PROFESSIONAL LIFE, HISTORY OF NOKIA, REINVENTING NOKIA (1852 words)
Ollila rose quickly though the corporate hierarchy, joining Citibank's board of management in 1982, a position that he occupied for three years; in 1985 he accepted an offer to become vice president for international operations at Nokia.
Ollila did not permit the company, its employees and executives, or himself to become self-satisfied, lazy, careless, arrogant, or to rest on the laurels of past achievements.
Ollila's announced goal for Nokia was to capture a full 40 percent of the mobile-phone market, although the research firm Gartner calculated that Nokia's share had diminished to 28.9 percent by the first quarter of 2004.
  More results at FactBites »

 
 

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