Ericsson says Cevian's Gardell to join nomination committee
14/07/2017 07:30
STOCKHOLM, July 14 (Reuters) - Sweden's Ericsson ERICb.ST
said on Friday that activist investor Cevian would be
represented by Christer Gardell in the telecom equipment maker's
nomination committee.
Cevian has increased its stake in recent months to become
the largest owner by capital in Ericsson, though long-time
shareholders Investor AB INVEb.ST and Industrivarden
INDUa.ST still control far more votes.
Ericsson said Johan Forssell of Investor would be the new
chairman of the committee, which nominates candidates for board
positions at the group.
Chairman Leif Johansson plans to quit before the company's
annual meeting in 2018 as the struggling mobile equipment firm
tries to restore profitability. urn:newsml:reuters.com:*:nL8N1JW0XJ
(Reporting by Johan Ahlander; editing by Niklas Pollard)
((johan.ahlander@thomsonreuters.com; +46 707 211027; Reuters
Messaging: johan.ahlander.reuters.com@reuters.net))
Keywords: ERICSSON NOMINATIONCOMMITTEE/