Ericsson Appoints Hans Vestberg New Executive VP

Ericsson (Sweden) reported that the board of directors has appointed Hans Vestberg Executive Vice President. Vestberg is head of business unit Global Services. The company's four other Executive Vice Presidents are Kurt Jofs, Executive Vice President and General Manager, Business Unit Access; Björn Olsson, Executive Vice President and General Manager, Business Unit Systems; Bert Nordberg, Executive Vice President, Sales and Marketing; and Karl-Henrik Sundström, Executive Vice President and Chief Financial Officer.