When Nokia finalized selling off Vertu a few days ago, there were rumors that Nokia’s former executive Anssi Vanjoki would be named CEO. The rumors were not quite right. In a press release today, Vertu announced Perry Oosting will continue as the chief executive of Vertu.

Vanjoki spent 20 years at Nokia in various executive positions, but left after the board preferred Stephen Elop as their next chief executive. Today, Vanjoki was appointed as the new non-executive board chairman of Vertu. Techcrunch reported a few days ago that he was going to be CEO.

Vertu sells luxury mobile phones that cost several thousands of dollars. They are treated as jewelry by their owners even though these devices may not be the most technologically advanced.

Nokia still holds a 10% stake in the company.

Photo by Atte Hujanen