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Ericsson’s Vestberg steps down – search for new CEO initiated

  • Hans Vestberg leaves all assignments, effective immediately but remains at the company’s disposal
  • Jan Frykhammar takes on the role as CEO until search is successfully completed
  • Carl Mellander is appointed acting CFO

Ericsson’s (NASDAQ:ERIC) Board of Directors today announced that Hans Vestberg steps down as President and CEO and member of the Board of Directors of Ericsson with immediate effect.

Brazilian exports to Arab countries reflect vibrant trade for H1 2016

Companies across all sectors looking to enhance trade relations

The Arab Brazilian Chamber of Commerce has recently noted thriving trade between Brazil and the Arab World as attested to by the impressive numbers issued by the organization covering Brazilian exports to Arab countries during the first half of 2016. These positive numbers reflect the great strides that companies across various sectors are making towards strengthening communications between the two countries.