Ericsson picks board veteran Ekholm to engineer turnaround

By Olof Swahnberg and Helena Soderpalm STOCKHOLM (Reuters) - Ericsson picked Borje Ekholm, a Swedish business insider and veteran board member, to steer the telecoms gear maker through its worst crisis in a decade. Ekholm's surprise appointment on Wednesday ends months of speculation over who Ericsson would select to tackle an industry downturn and fierce competition from Nokia and Huawei [HWT.UL]. For some, Ekholm, who Chairman of the Board Leif Johansson said was the top choice, represents the