Eduard Polón (1861-1930), Nokia's founder, was a
Finnish business leader.[11] He was founder, CEO, Chairman of the Board and the
largest shareholder of the Finnish Gummitehdas ("Rubberfactory"). He
led the development of a new rubber industry in Finland. His group of companies
built a modern wood and cable industry in Finland. Polón decided to use the
name "
"Nokia, the town where his factories were based, as a brand
name for his products to differentiate his products from Russian
competitors.[citation needed] Although these three companies—Suomen Gummitehdas,
Suomen Kaapelitehdas and Nokia Ab—were not formally merged, as the law did not
allow it at the time, Polón continued to create a successful conglomerate that
later became Nokia PLC. Polòn was the chairman, managing director, and the
largest owner of the group for 30 years.[citation needed]
Towards the end of the 19th century, Mechelin
sought to expand into the electricity business, but his aspiration was
initially thwarted by Idestam's opposition. However, Idestam's retirement in
1896 allowed Mechelin to become the company's chairman (from 1898 until 1914),
and he subsequently convinced shareholders.[13] In 1902, Nokia added
electricity generation to its business activities

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