Pekka Lundmark has resigned as CEO of Nokia, with Justin Hotard set to take over from April 1 at Nokia's headquarters in Espoo. Lundmark, who has been the President and CEO of Nokia since 2020, will support Hotard as an advisor until the end of this year. Hotard expressed enthusiasm for his new position, describing it as an honor to be chosen as CEO and expressing anticipation for Nokia's transformation journey. Lundmark indicated that he plans to explore a new career path, possibly in a role such as a board professional.