Board member Börje Ekholm has been named as the new President and CEO of Ericsson.
Ekholm is currently CEO of Patricia Industries, a company that seeks to develop unlisted companies, and a subsiduary of Investor where Ekholm was CEO for ten years until 2015.
Investor is also a principal owner of Ericcson.
Chairman of the Board Leif Johansson said: “I am very pleased to announce the appointment of Börje Ekholm. He has a solid understanding of both the technology and business implications of the ongoing convergence of telecoms, IT and media. Having served on Ericsson’s Board of Directors for the past ten years, Börje Ekholm has full understanding of the challenges and the opportunities Ericsson currently faces.”
Born in 1963, Börje Ekholm holds a Master of Science in Electrical Engineering from KTH Royal Institute of Technology, Stockholm, Sweden, as well as a Master of Business Administration from INSEAD, France.
“I am very excited about this opportunity. As the networks and applications become even more important in a 5G connected world, our customers, and the industry, look for continuous innovation. I look forward to joining the great team at Ericsson and work closely with existing and new customers around the world in shaping the future of our industry,” said Ekholm.
Jan Frykhammar will remain interim CEO until January 16, 2017.
