Ericsson names Investor AB veteran Ekholm as CEO

By Olof Swahnberg and Helena Soderpalm STOCKHOLM (Reuters) - Telecoms gear maker Ericsson picked Swedish businessman and board member Borje Ekholm to take over as chief executive on Wednesday as the firm grapples with cost cuts and an industry downturn. Ekholm's appointment comes three months after Hans Vestberg was ousted in late July as CEO following months of criticism over his leadership and pay, and over the firm's slow response to deteriorating market conditions and fiercer competition fro