Ericsson's President & CEO Hans Vestberg attends a news conference during the Mobile World Congress in Barcelona, Spain, February 22, 2016. REUTERS/Albert Gea/File Photo
STOCKHOLM: Swedish mobile telecoms gear maker Ericsson jettisoned its chief executive Hans Vestberg on July 25 after pressure from major shareholders unhappy with its results.
Investment companies Investor AB and Industrivarden, with a combined 37% of voting rights, had voiced dissatisfaction with Ericsson's performance, culminating in unprecedented public criticism in February.
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