Nokia is looking for a new boss

Nokia around the world is successful due to its superiority when it came to lower-priced phone models. But when it comes to the high-end with advances and pace set by companies like Apple with the iPhone and devices based on the Android operating system, it has so far failed miserably.

The company has failed to respond to the reports Olli-Pekka Kallasvuo would be replaced, saying it would not respond to speculation. But according to a source Nokia board members were going to reach a decision by the end of the month.

It was also claimed that Nokia has already approached the CEO of a major technology company, but that the candidate was not interested in moving to Finland.

Kallasvuo has been head since 2006. He has overseen a period where Apple has pulled away in the high-end smartphone market with the iconic iPhone, while Nokia devices have generally pulled by the wayside.

It is still dependent on Symbian, with a new version out later this year, but this will need to fight hard to roll with the punches dealt by its rivals.