Ericsson chairman says will not stand for re-election


technology  STOCKHOLM
Ericsson chairman says will not stand for re-election

STOCKHOLM The chairman of struggling Swedish mobile equipment firm Ericsson said on Wednesday he would not stand for re-election at the company's next AGM in 2018.

Leif Johansson, who has been chairman since 2011, said Ericsson's new CEO, Borje Ekholm, had put in place a turnaround strategy and there had been changes in ownership.

"It is natural to let the owners jointly propose a chairman and well ahead of this I want to announce that I will not be available for a next term," he said in a statement.

(Reporting by Simon Johnson; Editing by Susan Fenton)

By: Reuters Editorial

« technology    « STOCKHOLM

  CITIES NEWS
LONDON
DUBAI
BEDMINSTER, New Jersey
SEOUL
TAIPEI
MOSCOW
BERLIN
STOCKHOLM
WASHINGTON
LOS ANGELES
BRASILIA
SILVERSTONE, England
SAYLORSBURG, Pa
AMSTERDAM
BERGERAC, France
KABUL
BARCELONA
PARIS
MOSUL, Iraq
BRUSSELS
DOHA
CAIRO
FRANKFURT
LAUSANNE
  DATE NEWS
2019/01/17
House floor erupts after lawmaker shouts Go back to Puerto Rico


2019/01/16
Pelosis Shutdown Power Play Against Trump


2019/01/15
Federal judge: Government employees can't refuse to work unpaid during partial shutdown


2019/01/14
Police investigate death of toddler found outside in subzero conditions


2019/01/13
Multiple people wounded in downtown Phoenix shooting


2019/01/12
Trump may declare a national emergency in the border wall battle. Heres what that means.