Börje Ekholm

Ericsson warns of €1.5bn Q1 hit as it refocuses business

Ericsson said that it could record up to SEK 15 billion (€1.57 billion) in extra costs in the first quarter as a result of write-downs, restructuring charges and “recent negative developments”. Outlining its “refocused business strategy”, Ericsson said it expects to take a SEK3 billion to SEK4 billion (€315 million – €420 million) hit to […]

Lower TV and media sales contribute to Ericsson woes

Lower sales in the TV and media sector contributed to Ericsson’s poor year-end results, with the company saying that lower sales of legacy products in North America contributed to the decline. Ericsson said that trials of its next-generation TV platform is ongoing that this has not translated into sales. TV and media sales also fell in […]

Ericsson’s new CEO takes up his post

Ericsson’s new president and CEO, Börje Ekholm, takes up his role today following the departure of previous chief executive Hans Vestberg in July. Ekholm replaces interim president and CEO Jan Frykhammar, who now becomes executive vice-president and advisor to the CEO, focusing on corporate governance and efficiency. Magnus Mandersson, meanwhile, remains executive vice-president and advisor […]

Ericsson appoints new CEO

Ericsson has appointed board member and CEO of Patricia Industries, Börje Ekholm, as its next chief executive. He starts in his new role on January 16, replacing interim CEO and chief financial officer Jan Frykhammar. This follows the departure of previous chief executive Hans Vestberg in July. Ekholm joins from his current position at Patricia […]