trending Market Intelligence /marketintelligence/en/news-insights/trending/k_t9bxidyknw8nwtpnvdpa2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Ericsson CEO resigns amid controversies

State Of Indonesian Online Video: Subscription

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia


Ericsson CEO resigns amid controversies

HansVestberg is quitting as CEO of Ericsson AB, effective immediately, the companyannounced July 25.

Vestberg,who will also exit the company's board of directors, will temporarily be replacedby executive vice president and CFO Jan Frykhammar until a new CEO is appointed.

Meanwhile,vice president and group treasurer Carl Mellander will become acting CFO,effective immediately.

Vestbergserved the company for 28 years, including the last seven as CEO. He recentlydrew flak from the Swedish mediaregarding his pay package, leadership and the company's weak quarterly resultsin April, Reuters reported the same day.

Ericsson'slargest shareholders, Investor AB and Industrivarden reportedly confirmed theyare behind the ouster.

The companyrecently announced further cost cuts due to continued sales decline.