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Ericsson CEO Vestberg tells board he plans to stay: Bloomberg
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[January 30, 2014]
STOCKHOLM (Reuters) — Ericsson <ERICb.ST>
CEO Hans Vestberg has told directors he has no plans to step down
from the company following a report he is among candidates to take
over from Microsoft Corp's <MSFT.O> Steve Ballmer, Bloomberg
reported on Wednesday.
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 Ballmer announced his retirement plans last August and analysts have
discussed candidates including company insiders Satya Nadella and
Tony Bates as well as several outsiders.
Vestberg, who was in charge of Ericsson's exit from its handset
joint venture with Sony two years ago, was named as a possible
successor, Bloomberg reported earlier this month, citing sources
briefed on the software giant's executive search.
Bloomberg, citing a person familiar with the matter, reported on
Wednesday that Vestberg told the board he remains committed to the
Swedish company, the world's biggest telecoms equipment maker.
Directors were ready to examine a list of potential successors in
case he was chosen by Microsoft as CEO, it quoted a second source as
saying.
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Ericsson, due to report fourth-quarter earnings on Thursday,
declined to comment on the report.
Many believe Microsoft may prefer a candidate with more experience
in consumer products as it takes on market leaders Apple <AAPL.O>
and Samsung <005930.KS> in handsets and tablets after its purchase
of Nokia's <NOK1V.HE> mobile phone business.
(Editing by Anthony Barker)
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