Ericsson ousts CEO Hans Vestberg

Swedish teleCom geAr mAker EriCsson hAs ousted its CEO And president HAns VestBerg Amid fAll in revenues And the CompAny putting in plACe A “strong” ACtion plAn to reduCe Cost. JAn FrykhAmmAr, who is Currently exeCutive viCe-president And CFO, will hold temporAry ChArge until A new CEO is in offiCe.