Ericsson Appoints Alibaba Director Eckholm as New CEO
Ericsson announced that the company's board of directors has appointed Alibaba's director Borje Ekholm as president and CEO. Eckholm will officially take office on January 16, 2017, and will also enter the company's board of directors.
Ericsson Chairman Leif Johansson said: "I am very pleased to announce the appointment of Eckholm as the company's president and CEO. In the era of continued convergence of telecommunications, IT and media, Eckholm on technology and He has a deep understanding of business impact. He has been with Ericsson's board of directors for 10 years and has a prior understanding of the company's current challenges and opportunities."
Berry Eckholm
“In the midst of a major change in the company, I believe that Ericsson will benefit from Eckholm’s strong strategic direction and ability to execute the plan. Eckholm will bring his years of experience in leading companies to Ericsson, providing the company Performance, creating value for shareholders."
Prior to joining Ericsson, Eckholm was the CEO of Patricia Industries, a division of Investor AB. Prior to this, Eckholm served as President and CEO of Investor AB from 2005 to 2015. In addition, Eckholm serves in companies such as Investor Growth Capital, Novare Kapital AB and McKinsey.
Eckholm said: "I am very excited to have such an opportunity. As networks and applications become more important in the 5G world, our customers and the industry are looking for continuous innovation. I look forward to joining Ericsson's great Team and work closely with existing and new customers around the world to shape the future of the industry."
Eckholm is a board member of Ericsson, Alibaba, Nasdaq and Trimble NavigaTIon and a member of the Royal Swedish Institute of Technology. Eckholm was born in 1963 and holds a master's degree in electrical engineering from the Royal Institute of Technology in Sweden and a master's degree in business administration from the European Business School.
Before January 16, 2017, Jan Frykhammar will continue to serve as interim CEO of Ericsson. In July of this year, Hans Vesterberg stepped down as president, CEO and board member of Ericsson. Subsequently, Ericsson appointed the company's executive vice president, CFO Fleckhammer as interim CEO until the company appointed a new CEO.
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