Sweden's Ericsson proposes Ronnie Leten as new chairman

Reuters News
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Posted: Oct 09, 2017 2:42 AM

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

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

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

(Reporting by Helena Soderpalm and Olof Swahnberg)