Ericsson ousts CEO; kicks off search for replacement

STOCKHOLM, SWEDEN - Hans Vestberg has stepped down as president, CEO and member of the Board of Directors of Ericsson effective immediately, the company announced early Monday.EVP and CFO Jan Frykhammar (pictured) will assume the CEO position until a permanent replacement has been found. The search process is underway and will include both internal and external candidates."Hans Vestberg has led the company for seven years through significant industry and company transformation. Hans has been instrumental in building strong relationships with key customers around the world and his leadership and energy have been an inspiration to employees and leaders across Ericsson”,...