Ericsson’s CEO, Börje Ekholm, is leaving his position, the company announced. He will be replaced by Per Narvinger, effective immediately. The reasons for Ekholm’s departure were not immediately detailed in the announcement. Narvinger previously held a senior position within Ericsson. This leadership transition occurs as Ericsson navigates a competitive telecommunications market and ongoing technological shifts. The company did not specify whether Ekholm is leaving for personal or professional reasons, only confirming the change in leadership. Further details regarding the transition are expected to be released in the coming days.