Now, Hans Vestberg away.
Ericsson’s main owners, Investor and Industrivärden agree that Hans Vestberg must resign as CEO of the telecom company. The Dagens Industri.
Hans Vestberg was appointed CEO of Ericsson on January 1, 2010 and according to Di he will have to resign as soon Ericsson made it clear with a new president. But the board and the owners have according to the information at the same time a problem finding a suitable successor.
“The problem is that it can be difficult to find a suitable successor who would take the job. There are no internal candidates and external candidates may be discouraged by situation in Ericsson, “said a source Di.
Among other things, Vestberg received criticism that he and the management team has taken charge very high salaries, even though the stock has plummeted. According to Svenska Dagbladet, management has since 2010 taken out a total of 1.3 billion. Of these, 265 million went to CEO Hans Vestberg.
Neither the research houses are happy with Ericsson. B shares fell 5.59 percent on Tuesday to 60.80 kronor after a weak report. After the telecom company’s report lowered the number of its recommendation for Ericsson.
* SEB lowers to SEK 65 (68) (keep)
* BMO Capital lowers to $ 7 (8) (Market Perform)
* Canaccord Genuity lowers to $ 7 (8.50)
* Cowen & amp; Company lowers to $ 6 (7)
* Credit Suisse lowers to SEK 55 (60)
* Bernstein lowers SEK 62 (70)
* Liberum reduce from buy to keep
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