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Ericsson appoints new CEO
Ericsson is set to appoint current CFO, Hans Vestburg, as its next president and CEO. According to a BusinessWeek report, Vestburg will take up the role in January 2010, replacing outgoing CEO Carl-Eric Svanberg, who will become chairman of BP.
Vestburg says he is not planning additional cost cuts at Ericsson and refused to comment on the potential dissolution of Sony-Ericsson. “What we are very focused on is that we give them the right support so they can return to profit,” Vestburg says of the joint venture.
Vestburg says he is not planning additional cost cuts at Ericsson and refused to comment on the potential dissolution of Sony-Ericsson. “What we are very focused on is that we give them the right support so they can return to profit,” Vestburg says of the joint venture.
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