Ericsson’s Top Shareholder Says CEO Search is Main Priority
- Investor’s Forssell says Ericsson needs a strategic leader
- Swedish media say several candidates have declined offers
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Ericsson AB’s biggest shareholder is throwing its weight behind calls to find a new chief executive officer for the Swedish network-equipment maker as local media said recruitment efforts are faltering.
Ericsson, which has been run by its chief financial officer since Hans Vestberg was fired from the top job in July, has delivered its owners a series of blows in recent months. After shocking markets with a profit warning that wiped 20 percent off Ericsson’s value on a single day, the company must focus on finding the right candidate, someone with a long-term perspective, Johan Forssell, CEO of Investor AB, said on Wednesday.