Hans free
Ericsson’s boss, Hans Vestberg, departs and his firm’s troubles continue
“THE pace of technological change will only increase,” Hans Vestberg told a group of visitors to Ericsson’s headquarters in Stockholm a few months ago, adding that his company had to learn from “innovators”. Though Ericsson is a colossus, with two-fifths of the world’s mobile-phone traffic passing through its networks, he talked of needing a new business model to take on rising digital rivals—providers of software and database services, such as Google and Microsoft. His observations were shrewd, but someone else will have to find ways of putting them into practice. Mr Vestberg lost his job on July 25th.
This article appeared in the Business section of the print edition under the headline “Hans free”
From the July 30th 2016 edition
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