203 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 Stocks Retreat as Tech Stocks Fall on Weakness in Oracle and Apple China Contemplates $278 Billion Stock Market Rescue Plan Amid Downturns Norway Fund Divests From Caterpillar Over Israel Concern British ISA Plan Met with Skepticism as Budget Unveils Targeted Equity Boost Airbnb and ChargePoint Partner to Expand Access to EV Chargers Across the US Salesforce’s no-code config tool Sweep raises $28 million in funding round