Monday, July 25, 2016

Ericsson CEO Vestberg steps down

Ericsson CEO Vestberg steps down

Swedish mobile telecoms maker Ericsson's Chief Executive Officer Hans Vestberg resigned with immediate effect. Vestberg, who has been CEO since 2010, has come under fire in recent months, with Swedish media questioning his leadership and pay, particularly after weak quarterly results in April sent its share price down 15 % in a single day.

The CEO's departure comes days after the company reported that like-for-like sales had declined for a seventh consecutive quarter. Chief Financial Officer Jan Frykhammar will be acting CEO, with group treasurer Carl Mellander as acting CFO, while the company searches for Vestberg's successor.

So let's do:
1. Name the person, who has resigned as CEO of Swedish mobile telecoms maker Ericsson?

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