He joins Pace as its UK president and his exit from Nokia quickly follows the departures of CEO Olli-Pekka Kallasvuo and executive VP Anssi Vanjoki, and the planned departure of chairman Jorma Ollila.
Nokia was unavailable for comment and it’s unclear who will succeed Loughran.
He joined Nokia in 2007 and took over the role pf MD for the UK and Ireland in January 2009.
In a statement, Loughran said, “I’m very excited to be joining Pace with the opportunities for growth that lie ahead. I’ve been impressed by the dynamism of the people, their customer focus, the success of the business and the strength of ambition to win in the digital convergence market.”
Nokia recently unveiled its new CEO Stephen Elop, who takes the reins of the company this week and intends to lead the company’s bid to regain market share in the smartphone market (nma.co.uk 10 September 2010).
This story first appeared on newmediaage.co.uk