Thursday 7th of April 2022 10:29:02 AM

Ericsson's Managed Services leader exits to take a CEO job

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• Ericsson (ERIC +0.9%) has announced that Managed Services chief Peter Laurin is exiting, and he'll take over leadership of another company.
• Laurin - Ericsson's senior VP and head of Business Area Managed Services - plans to pursue opportunities outside the company, Ericsson said Thursday; that means taking on the job of CEO of Piab, a player in production process automation.
• He had joined Ericsson in 2001 and served on Ericsson's central Executive Team since 2017.
• "Peter has been instrumental in turning around and transforming our Managed Services business and successfully led Ericsson's digitalization and IT journey," Ericsson CEO Börje Ekholm says.
• The company will name a successor to the position later.

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