Ericsson has appointed board member and Patricia Industries CEO Börje Ekholm as its next chief executive.
He starts in his new role on 16 January, replacing interim CEO and CFO Jan Frykhammar.
This follows the Vestberg steps down at Ericsson
">departure of previous chief executive Hans Vestberg in July, who stepped down after a 28-year career at Ericsson.
Ekholm joins from his current position at Patricia Industries, a division within Swedish investment company Investor, where he has been since 2015. He has been on the board at Ericsson for the past ten years.
“As the networks and applications become even more important in a 5G connected world, our customers, and the industry, look for continuous innovation,” said Ekholm.
“I look forward to joining the great team at Ericsson and work closely with existing and new customers around the world in shaping the future of our industry.”