Sweden`s Ericsson proposes Ronnie Leten as new chairman

Published 09/10/2017 in Technology

Sweden`s Ericsson proposes Ronnie Leten as new chairman
FILE PHOTO: Ericsson’s flag is seen at the company’s headquarters in Stockholm, Sweden March 11, 2015. TT News Agency/Jonas Ekstromer/via REUTERS/File Photo

Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, it said on Monday.

STOCKHOLM (Reuters) – Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, it said on Monday.

&ldquo-Mr Leten is a very skilled businessman, technically savvy and strategically versatile,&rdquo- Johan Forssell, chairman of the Nomination Committee, said in a statement.

Ericsson&rsquo-s current chairman Leif Johansson, a former CEO of truck-maker Volvo, said in July he was planning to step down before the company&rsquo-s annual meeting in 2018.

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