Wednesday, July 20, 2016

Details: Main owner wants to kick Vestberg – Business World

Investor and Industrivärden, which is the main owner of Ericsson agreed that Vestberg must quit as president of the telecommunications company.

Ericsson’s main owners, Investor and Industrivärden is agreed that Vestberg must quit as president. At the same time it has trouble finding a suitable replacement who is willing to take the job at Ericsson, writes Dagens Industri.

READ MORE: Weak report from Ericsson
   

Neither Industrivärden and Investor wants to comment on the findings. Ericsson reported yesterday a weak second quarter results, and doubles while its savings program to meet the increasingly weak sales.

According to the newspaper’s informant, it is uncertain how long it will be before a change of CEO can be implemented .

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