Ericsson chairman Leif Johansson to step down

EricssonEricsson Chairman Leif Johansson will be stepping down from the top position.

Leif Johansson announced that he will not stand for re-election for the top position of Sweden-based telecom equipment maker.

Leif Johansson has been the chairman of the Ericsson board since 2011. Ericsson also got a new CEO when Borje Ekholm took over as CEO in the first quarter of 2017. The company is going through a tough phase.

Ericsson said the Election Committee has initiated work to find a replacement for Leif Johansson as chairman of the AGM 2018.

Leif Johansson said: “The strategy, the Board of Directors and the major shareholders behind, gives good prospects of realizing Ericsson’s full potential. The company has now entered a new phase with the focus on implementation, and also with a new ownership structure.”

Latest

More like this
Related

Who’s Justin Hotard, the new CEO of Nokia?

Telecom equipment maker Nokia has announced the appointment of...

Huawei revenue reaches $118.3 bn in 2024: Chairman Liang Hua

Huawei has reported annual revenue of over 860 billion...

Proximus reveals why it selected BroadForward

Proximus, Belgium’s leading mobile network operator, has announced a...

StarHub reveals why it selected Nokia for XGS-PON deployment

StarHub has completed its nationwide XGS-PON deployment to enhance...