Global Dispatches

13.07.2009

LM Ericsson Telephone Co. CFO Hans Vestberg will take over as the company's CEO on Jan. 1, succeeding Carl-Henric Svanberg, who is resigning to become chairman of London-based BP PLC. Svanberg will continue to hold a seat on Ericsson's board of directors after his departure from the Stockholm-based company.

- Mikael Ricknäs, IDG News Service