The CEO of HMD Global – the Finnish company who now has exclusive rights to sell Nokia-branded handsets has surprisingly left the company in what appears to be a shocking move. As the news comes just weeks before the company is expected to release the purported Nokia 8 Android flagship.

Multiple reports are all over the web are stating that HMD Global CEO, Arto Nummela, is stepping down and leaving the company with immediate effect. The Finnish company has also officially confirmed in a press release that the company’s  global president, Florian Seiche, will now don the role of acting CEO.

Nummela’s sudden exit is rather perplexing as it comes at a time when the rumor mill has been abuzz with the imminent launch of Nokia 8/Nokia 9 Android flagship. Also, it was least expected that Nummela would leave HMD Global as he spearheaded the launch of the Nokia 3,5, and 6 smartphones, along with the launch of the new Nokia 3310 feature phone. Not to forget, the company also recently announced an exclusive partnership with renowned German lens maker Zeiss, a familiar branding found on Nokia phones of the past.

You can check out the full press release below:

Espoo, Finland 19 July 2017 – HMD Global today announced that through mutual agreement between Chief Executive Officer Arto Nummela and the HMD Global Board of Directors, Arto Nummela will leave HMD with immediate effect.

Commenting on the changes, Sam Chin, Chairman of the Board, HMD Global Oy said: “Arto Nummela has played a key role in the creation of the HMD Global operation, building the team and launching our first products. On behalf of the whole Board, I thank Arto for his contribution and wish him well in his future endeavors.”

In addition to his current role as President, Florian Seiche has been appointed to the role of acting CEO, starting immediately. Florian has been co-leading HMD Global as President since the start of the company.