Börje Ekholm, new president and CEO of Ericsson

Ekholm has a solid understanding of both the technology and business effects of the ongoing convergence of telecommunications, information technology and media.

After the interim period that led to the departure of Hans Vestberg from the top executive position in Ericsson Last summer, the Swedish multinational just appointed Börje Ekholm as its new president and CEO.

Effective January 16, 2017, Ekholm will remain a member of the board of directors of Ericsson. Jan Frykhammar will remain interim CEO until that date.

Born in 1963, Börje Ekholm has a Master of Science in Electrical Engineering from KTH Royal Institute of Technology in Stockholm and an MBA from INSEAD in France. He is a member of the board of directors of Telefonaktiebolaget LM Ericsson, Alibaba, NASDAQ OMX Group and Trimble Navigation. He is also a member of the university council of the KTH Royal Institute of Technology.

Chairman of the board, Leif Johansson, said: "Börje Ekholm has a solid understanding of both the technology and the business effects of the current convergence of telecommunications, information technology and media. Having been on Ericsson's management committee for the last ten years, Börje has a full understanding of the challenges and opportunities currently facing Ericsson."

Börje Ekholm asume su nuevo cargo tras ser CEO de Patricia Industries, una división de Investor. Antes de asumir esta función en 2015, Börje fue presidente y CEO de Investor AB entre 2000 y 2015, presidente de Investor Growth Capital Inc. y otros puestos en Novare Kapital AB y McKinsey & Co.

According to Johansson, "in the midst of a major company transformation, I am confident that Ericsson will benefit from Börje Ekholm's unique ability to efficiently undertake strategic direction and plans. Börje brings years of experience having led a public company with a strong track record of delivering value to shareholders."

Börje Ekholm acknowledges being excited about this opportunity and assures that "as networks and applications become increasingly 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 working closely with current and new customers around the world to shape the future of our industry."