Ericsson names board member Ekholm as new CEO

News General Global 26 OCT 2016
Ericsson names board member Ekholm as new CEO

Ericsson has named board member Borje Ekholm as its new President and CEO, effective 16 January 2017. Ekholm is currently CEO of Patricia Industries, a unit of the investment group Investor AB, a shareholder in Ericsson. He replaces CFO Jan Frykhammar, who has been serving as interim CEO since July when Hans Vestberg abruptly left the company. 

Ericsson Chairman Leif Johansson said Ekholm has "a solid understanding of both the technology and business implications of the ongoing convergence of telecoms, IT and media", as well as Ericsson's own "challenges and opportunities", after serving on the company's board for ten years. 

Prior to Patricia Industries, Ekholm was CEO of Investor AB between 2005 and 2015. Previous positions also include president of Investor Growth Capital, as well as positions with Novare Kapital and McKinsey. He is also a member of the board at Alibaba, Nasdaq OMX, Trimble Navigation and the KTH Royal Institute of Technology.


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