94 Ericsson AB, one of the world’s biggest providers of 5G networking equipment, said that its chief financial officer will step down at the end of the first quarter of 2024. Carl Mellander, who has worked for Ericsson for more than 25 years and has been a member of its executive team for almost seven, is moving on, according to a statement. The Swedish maker of mobile networks said it will begin recruiting a replacement. Mellander has spent years helping Chief Executive Officer Borje Ekholm turn around the Stockholm-based phone-equipment maker by ending unprofitable contracts, taking writedowns, seeking asset sales, cutting costs and scaling back expansions. You Might Be Interested In Volkswagen Taps Tesla, Rivian Veteran for EV Software Challenges M&S Shares Shine with a 56% Surge in Pre-tax Profits Rivian Earnings and Revenue Beat Estimates; 2023 Production Guidance Raised Zoho CEO Sridhar Vembu calls for increased R&D in India Telehealth Companies Exploiting Advertising Loopholes to Promote Stimulants on Social Media PhonePe completes separation from Flipkart; both to operate under Walmart
