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Hans Vestberg
President and Chief Executive Officer, Ericsson (January 1, 2010)
Hans Vestberg is President and Chief Executive Officer of the Ericsson Group, the world’s leading provider of telecommunications technology and services. Working in more than 180 countries, Ericsson has more than 90,000 employees and generated revenue of USD 28.2 billion (SEK 203.3 billion) in 2010. The company was founded in 1876 and is headquartered in Stockholm, Sweden.
Ericsson owns 50 percent of Sony Ericsson – global provider of mobile multimedia devices, and ST-Ericsson – a world leader in wireless platforms and semiconductors, with combined revenue of USD 10.6 billion. Vestberg is a member of the Board of Directors for both companies.
Vestberg, who joined Ericsson in 1991, was instrumental in developing the company’s industry-leading services operation, which grew threefold during his five years of management (2003-2007). Today, services represent 39 percent of Ericsson’s total sales. He has wide international experience, having held various managerial positions for Ericsson in China, Brazil, Mexico and the US.
He remains the international advisor to the Governor of Guangdong, China and is co-chairman of the Russian-Swedish Business Council, a platform for the cooperation of leading companies in each country.
Vestberg served as Ericsson’s Chief Financial Officer from 2007 to 2009 before becoming CEO.
Along with the rest of Ericsson’s executive team, Vestberg is focused on advancing the company’s leadership through innovation, technology, services and sustainable business solutions.
Under his direction, Ericsson has become the main driver toward the Networked Society, where connectivity is the fuel of progress. The success of the Networked Society concept will rest on the ability to bring together mobility, broadband, and cloud computing – networks must be transformed to become smart, scalable and give superior performance. The company is a founding member of the New Cities Foundation.
Vestberg is also a leading advocate of the Millennium Development Goals, and for the potential of mobility and broadband to tackle some of the world’s most compelling issues such as poverty, health, education and climate change. He is a member of the Broadband Commission for Digital Development, where he chairs the broadband and climate-change working group, and is on the advisory board of the Digital Health Initiative. The company is also co-founder of Connect to Learn, an initiative which aims to provide universal access to quality 21st century secondary education around the world.
He was born in Hudiksvall, in northern Sweden, in June, 1965. He earned a Business Administration degree from the Uppsala University, Sweden, in 1991.
Vestberg has been a lifelong athlete and Chairman of the Swedish Handball Federation since 2007. He enjoys outdoor sports activities and golf.
He lives in Stockholm with his wife and two children.
