Ericsson ousts CEO Hans Vestberg

LONDON: Swedish telecom gear maker Ericsson has ousted its CEO and president Hans Vestberg amid fall in revenues and the company putting in place a “strong” action

LONDON: Swedish telecom gear maker Ericsson has ousted its CEO and president Hans Vestberg amid fall in revenues and the company putting in place a “strong” action plan to reduce cost. Jan Frykhammar, who is currently executive vice-president and CFO, will hold temporary charge until a new CEO is in office.

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