Thursday, 17 August 2017

Ericsson CEO Hans Vestberg steps down

By Nick Wood, Total Telecom
Monday 25 July 16

Finance chief Jan Frykhammar takes reins on interim basis as Swedish kit maker struggles for momentum.

Ericsson CEO Hans Vestberg stepped down effective immediately on Monday, following a difficult first half for the Swedish kit maker. Finance chief Jan Frykhammar has been named acting CEO until a permanent replacement is found. The company said its search will consider internal and external candidates. Meanwhile, group treasurer Carl Mellander has taken on the role of acting CFO…

Ericsson CEO Hans Vestberg stepped down effective immediately on Monday, following a difficult first half for the Swedish kit maker. Finance chief Jan Frykhammar has been named acting CEO until a permanent replacement is found. The company said its search will consider internal and external candidates. Meanwhile, group treasurer Carl Mellander has taken on the role of acting CFO…

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