Ericsson names new CEO as Svanberg goes to BP

BP Selects Ericsson Chief as Next Chairman
Ericsson Chief Executive Carl-Henric Svanberg is stepping down to become Chairman of BP in a surprise appointment that ends the oil major’s lengthy search for a new chairman.

Once Quiet, BP Chairman Gets Moment in Spotlight
Carl-Henric Svanberg has thus far stayed in the background during the oil spill. In his meetings in Washington, he will have to step forward.

BP Names Ericsson Chief as Its Chairman
Carl-Henric Svanberg, who is known for repairing Ericsson’s business by aggressively cutting costs and repaying debt, is set to succeed Peter Sutherland next year.

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