Another Nokia Exec Out: UK Head Jumps To Pace As President

After CEO Olli-Pekka Kallasvuo, EVP Anssi Vanjoki and chairman Jorma Olila, now Nokia (NYSE: NOK) UK and Ireland managing director Mark Loughran is the latest leaving the handset maker.

He is joining TV set-top box maker Pace as president of a new business division, Pace Enterprise.

The new unit will exploit Pace’s intellectual property, gateway and networks businesses, the box maker says.

Pace is amongst the world’s leading STB makers, supplying boxes for BSkyB (NYSE: BSY), Sky Italia, BT (NYSE: BT) Vision, Comcast (NSDQ: CMCSA), Time Warner Cable (NYSE: TWC) and more.

If Nokia’s fightback starts here, as the company said recently, then it’s starting without some of its leading old-guard execs.