Microsoft considers Ericsson CEO for top job: report
By Edwin Chan and Sven Nordenstam SAN FRANCISCO/STOCKHOLM (Reuters) – Microsoft Corp is considering Ericsson Chief Executive Hans Vestberg as a possible successor to outgoing CEO Steve Ballmer, Bloomberg reported, citing sources briefed on the software giant's executive search. But he has struggled to convince investors that Ericsson can maintain its lead in mobile networks in the face of stiff competition from rivals such as China's Huawei. Though the share price has risen 19 percent, in line with Microsoft, that compares with a leap of nearly 60 percent for the Stoxx Europe 600 Technology Index over the same period and a 41 percent rise for Sweden's blue-chip index. Both Microsoft and Ericsson declined to comment on Bloomberg's report, though a source close to the U.S. company has said that no CEO appointment is likely until the last week of January at the earliest.
Leave a Reply
You must be logged in to post a comment.