Ericsson Appoints Per Narvinger as New CEO; Börje Ekholm to Step Down
ERIC sits 65% above its 52-week low of $7.155.
Summary
Ericsson has appointed Per Narvinger, head of Business Area Networks, as its new President and CEO, succeeding Börje Ekholm in an orderly leadership transition.
Key Events · Executive and Board Changes · ERIC
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CEO Succession Announced
Per Narvinger, Executive Vice President and Head of Business Area Networks, has been appointed President and CEO of Ericsson, effective October 1, 2026.
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Outgoing CEO Transition
Börje Ekholm will step down as President and CEO on September 30, 2026, after over nine years in the role, and will serve as an executive advisor to the new CEO until June 15, 2027.
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Internal Promotion
Narvinger joined Ericsson in 1997 and has extensive experience across various senior leadership roles within the company, including heading Business Area Networks and Business Area Cloud Software and Services.
Analysis · ERIC · Manufacturing
Ericsson announced a planned leadership transition with Per Narvinger, a long-time internal executive, succeeding Börje Ekholm as President and CEO. This orderly succession, with Ekholm transitioning to an advisory role, aims to ensure continuity and leverage Narvinger's deep industry experience.
At the time of this filing, ERIC was trading at $11.79 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $40.5B. The 52-week trading range was $7.16 to $13.77. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.