Ericsson’s main shareholders want new boss

Two of telecom group Ericsson’s main shareholders, Investor and Industrivärden, have decided that the current chief executive Hans Vestberg needs to step down as soon as a replacement can be found, reports Dagens Industri, citing unnamed sources.

“The problem is that it can be difficult to find a suitable successor who would take the job. There are no internal candidates and the external candidates may be discourage by the situation in Ericsson,” a source told DI.

Both Investor and Industrivärden have declined to comment the information. Vestberg has been CEO since 2010.