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.