Nokia Chairman Resigns Weeks After $1 billion Microsoft Deal Is Signed

Beleaguered Finnish mobile maker Nokia is already shedding thousands of staff, and now the company's chairman is scuttling off of the sinking ship just weeks after signing a deal with Microsoft worth a reported $1 billion.

Jorma Ollila, who served as the company's CEO from 1992 to 2006, announced he would be clearing his desk some time in the next year.

Nokia has been the subject of a number of high-profile boardroom shuffles and scuffles of late, most notably when ex-Microsoft big cheese Stephen Elop muscled out Olli-Pekka Kallasvuo.

One of Elop's first moves was to describe the company's Symbian OS as a 'sinking platform' in a fortuitously leaked demo which hit the news just days before the Microsoft mash-up was announced to a not-very-surprised world.

Ollila's exit was announced at a recent meeting at which one shareholding wag remarked, "If Elop was hired to put out the fire, Ollila is the one who lit it."