If WSJ’s Report to be believed, Nokia is hunting a new face for CEO post. Although the rumors has been confirmed yet but sources said that Mobile giant is not happy with functionality of its current CEO Olli-Pekka Kallasvuo – particularly when it comes to SmartPhones. Mr. Kallasvuo has held the CEO job since 2006, the year before Apple introduced the iPhone and roiled the market for mobile phones. The company has stumbled several times in its efforts to catch up. Nokia is left behind in the race with Apple’s  iPhone and Google’s Android and is significantly slow for adapting new initiates for SmartPhones.

Quite late, but Nokia is finally realizing that Symbian is not fit for top notch SmartPhones and MeeGo, a new SmartPhone platform between Intel and Nokia, is still in its infancy.

Three weeks ago, Nokia’s new Head of Mobile Solutions Anssi Vanjoki wrote enthusiastically that he’s “committed, perhaps even obsessed, with getting Nokia back to being number one in high-end devices.”

However, his note, would hardly create any impact on the observers who are keeping close eyes on Nokia’s SmartPhones initiatives. Vanjoki praises N8, Nokia’s first Symbian 3 device, but admits right away that it is also the last Nokia’s N-series smart phone based on Symbian 3. He praises MeeGo, but also declares that a Symbian 4 N-series device is a “very strong possibility.” Nokia seems to be ready to alter its approach, but does it have a clear vision of where to go next?

Nokia is “serious about making a change” and its board members are “supposed to make a decision by the end of the month,” WSJ’s source said. From what we’ve seen lately, maybe a new CEO is exactly what Nokia needs.