Ericsson CEO Hans Vestberg quits amid fall in revenues
Swedish telecom gear maker Ericsson's CEO Hans Vestberg has stepped down as President and CEO and a member of the Board of Directors with immediate effect, following fall in revenues, even as the company putting in place a "strong" action plan to reduce cost. Ericsson is currently searching for a successor to Vestberg and said that search process will comprise both internal and external candidates. Vestberg, who has been CEO... Read More