Ericsson Appoints New CEO

Swedish telecom giant Ericsson has appointed Borje Ekholm as President and CEO, effective from January 16, 2017.

Ekholm joins Ericsson from his current position as CEO of Patricia Industries, a division within Investor.

Prior to assuming this position in 2015, Ekholm held the position as President and CEO of Investor AB between 2005 and 2015.

Ekholm is a member of the Board of Directors for Telefonaktiebolaget LM Ericsson, Alibaba Inc, NASDAQ OMX Group Inc and Trimble Navigation Ltd.

He is also a member of the University Board of KTH Royal Institute of Technology.