Ericsson's Vestberg steps down - search for new CEO initiated
· Hans Vestberg leaves all assignments, effective immediately but remains at the company's disposal · Jan Frykhammar takes on the role as CEO until search is successfully completed · Carl Mellander is appointed acting CFO Ericsson's (NASDAQ:ERIC) Board of Directors today announced that Hans Vestberg steps down as President and CEO and member of the Board of Directors of Ericsson with immediate effect. Jan Frykhammar, Executive Vice President and CFO, will assume the CEO position until a new CEO is in office. Chairman of the Board Leif Johansson says: "Hans Vestberg has led the