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Ericsson chief says he has no plans to leave

30
Jan
2014

Ericsson Chief Executive Hans Vestberg said on Thursday he has no plans to leave the company following a media report that he was a candidate to take the helm at U.S. software firm Microsoft. I am committed to Ericsson, Vestberg told Reuters after the worlds biggest mobile network equipment maker reported lower sales and profits than expected in the fourth quarter, but improved underlying profitability. I plan to continue as CEO at Ericsson as long as I have the support I need, that is to say from the board etcetera. I guess that answers the question of where Im going, and that is staying with Ericsson. Bloomberg reported earlier this month that the 48-year-old Vestberg was a candidate to succeed outgoing Microsoft CEO Steve Ballmer, citing sources, though it later reported Vestberg had told Ericssons board he had no intention of leaving.

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