From 1 January 2010 the President and CEO Ericsson will Hans Vestberg

The company Ericsson announced that its Board of Directors has appointed Hans Vestberga (Hans Vestberg) President and CEO. He takes office on 1 January 2010. Currently, Mr. Vestberg was CFO and executive vice-president of Ericsson. He will take the role of Carl-Henrik Svanberga (Carl-Henric Svanberg), which agreed to accept the chairmanship of BP, the fourth largest company in the world.

The current President and CEO of Ericsson, Carl-Henrik Svanberg will remain in his post until the end of the year and then will be the Chairman of the company BP. Svanberg will remain on the Board of Directors of Ericsson - the main owners of the company, Investor and Industrivarden, expressed a desire to see Mr. Svanberga among members of the Board of Directors of Ericsson in the long run.