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CEO Change · Ericsson · Executive Transition · Telecommunications
Telefonaktiebolaget LM Ericsson's Board of Directors appointed Per Narvinger as the new President and CEO, effective October 1, 2026, succeeding Börje Ekholm, who retires after over nine years in the role, prompting a 2.05% pre-market stock decline.
The Swedish telecommunications company announced Ekholm's decision to step down, concluding his 20-year tenure as a Board member and over nine years as CEO. Narvinger, an Ericsson veteran since 1997, brings nearly three decades of experience across telecommunications and ICT sectors, having held various senior leadership positions in research, product development, management, and sales.
Ekholm will transition out of the CEO role on September 30, 2026, and will serve as an executive advisor to Narvinger until June 15, 2027, ensuring a smooth leadership handover. Jan Carlson, Chair of Ericsson's Board of Directors, expressed confidence in Narvinger's deep technical knowledge and extensive commercial experience, stating the appointment comes at a crucial time for the company.
Following the announcement, Ericsson's stock (ERIC) closed Monday at $12.22, down $0.06 or 0.49 percent, and further declined by $0.25 or 2.05 percent in pre-market trading to $11.97.
