Sweden's Ericsson proposes Ronnie Leten as new chairman

Ronnie Leten, President and CEO, Atlas Copco Group at a press conference to mark Atlas Copco's 50 years of Indian Operations.

Struggling mobile telecom gear maker Ericsson proposed Ronnie Leten, former CEO at Atlas Copco, as its new chairman, the company said on Monday.

“Mr Leten is a very skilled businessman, technically savvy and strategically versatile,” Johan Forssell, chairman of the Nomination Committee, said in a statement.

Ericsson's current chairman Leif Johansson, a former CEO of truck-maker Volvo, said in July he was planning to step down before the company's annual meeting in 2018.