Hans Vestberg

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 CEO Hans Vestberg steps down

Ericsson CEO Hans Vestberg has stepped down as president, CEO and member of the board of directors with immediate effect. Executive vice-president and chief financial officer (CFO), Jan Frykhammar, will replace Vestberg on an interim basis until a successor is named, with Ericsson initiating a recruitment process that will look at external and internal candidates. […]

Report: Ericsson investors seek CEO change after poor results

Ericsson is reportedly seeking a replacement for CEO Hans Vestberg, after the firm failed to meet market expectations and reported a drop in sales and profits. According to a report in Swedish financial paper, Dagens Industri, Ericsson’s main owners and investors agree there should be a change at the top and that a new chief […]

Ericsson denies Cisco takeover speculation

Ericsson has denied holding “any discussions whatsoever” about a merger with, or acquisition by, Cisco, after announcing a business and technology partnership with the firm last week. In a statement this morning, Ericsson president and CEO, Hans Vestberg, said: “We note that there are rumours in the market regarding an acquisition of Ericsson by Cisco […]

Ericsson ‘must transform to stay relevant’

Ericsson CEO Hans Vestberg told shareholders that he intended to deliver strong earnings and value by driving transformation within the company, at the firm’s annual general meeting on Friday.  Outlining strategic priorities, around the idea of the ‘networked society,’ Vestberg said: “Industries and companies are using broadband on an industrial scale to improve processes. People […]

Ericsson taps into mobile video, launches LTE broadcast trial with Vodafone

Mobile video traffic will grow more than 75% this year as IT and telecom networks converge in an increasingly data-centric world, according to Ericsson president and CEO Hans Vestberg. Speaking at a media and analyst briefing at Mobile World Congress (MWC) in Barcelona, Vestberg claimed that the global probability of getting mobile data throughput of […]

Ericsson CEO in the running for Microsoft top job

Microsoft is reportedly considering Ericsson CEO Hans Vestberg as a possible replacement for chief executive Steve Ballmer, who announced in August he will retire this year. According to a Bloomberg report, which cites people briefed on the search, Vestberg is in the running for the top job alongside other candidates – including Microsoft cloud-computing chief […]

Ericsson earnings fail to impress

Ericsson’s second quarter results failed to live up to analyst expectations, with revenue remaining flat year-on-year at SEK55.3 billion (€6.4 billion) due to “currency headwind.” Net income was up 26% year-on-year at SEK1.5 billion, though the firm said it was negatively impacted by losses from divestments and exiting the telecom and power cable operations – […]