The Local Sweden

Svanberg chosen to head Volvo board: report

Fri, 02 Dec 2011 13:17:00 +0100

BP's criticised chairman Carl-Henric Svanberg will soon be appointed head of the board of the world's second-largest truck maker Volvo, Swedish daily Svenska Dagbladet (SvD) reported on Thursday.

Svanberg defends BP over Gulf oil spill

Tue, 19 Apr 2011 16:01:00 +0200

BP has emerged as a safer company from last year's massive Gulf of Mexico oil spill, chairman Carl-Henric Svanberg insisted Tuesday, defending the British company's widely-criticised handling of the crisis.

BP head Svanberg defends deep sea drilling

Mon, 07 Mar 2011 14:52:00 +0100

Last year's massive Gulf of Mexico oil spill sparked by an explosion on a BP-leased platform is no reason to stop deep sea drilling, the group's chairman Carl-Henric Svanberg said Monday.

Value of Svanberg's BP shares plummets

Thu, 26 Aug 2010 11:03:00 +0200

The value of Swedish BP Chairman Carl-Henric Svanberg's share holdings in the company have plummeted to around 40 million kronor ($5.37 million) from the 62 million kronor he had originally paid for them.

BP shareholders call for Svanberg’s head: report

Sat, 03 Jul 2010 12:12:00 +0200

Several major BP shareholders are urging the embattled firm to eject Swedish chairman Carl Henric Svanberg as soon as the leaking oil well in the Gulf of Mexico is capped, the Financial Times reports.

Profile: BP's 'invisible' Swedish chairman

Sun, 13 Jun 2010 12:52:00 +0200

When Carl-Henric Svanberg jettisoned telecoms giant Ericsson for British Petroleum last year, he could not in his worst nightmares have forecast the severity of the spotlight in which he now finds himself, writes AFP's Odile Duperry.

Nightmare start for BP chairman Svanberg

Fri, 30 Apr 2010 17:04:00 +0200

The oil spill in the Gulf of Mexico is a tough start for Swedish BP chairman Carl-Henric Svanberg, who started in January.

Ericsson's quarterly profits plummet

Fri, 24 Jul 2009 10:53:00 +0200

With the mobile phone market taking a major hit in the wake of the economic crisis, Swedish telecom giant Ericsson reported an almost 60 percent drop in second-quarter net profits, coming in well below market expectations.

Ericsson pours funds into South Korea

Mon, 13 Jul 2009 11:14:00 +0200

Swedish phone network giant Ericsson has announced plans to invest $1.5 billion in South Korea over the next five years.

Ericsson names Vestberg as new CEO

Thu, 25 Jun 2009 09:37:00 +0200

Swedish telecom equipment maker Ericsson announced on Thursday that Hans Vestberg would take over as CEO of the company in 2010.

Ericsson to help roll out Verizon's 4G network in the US

Wed, 18 Feb 2009 19:45:00 +0100

Sweden’s telecom equipment provider Ericsson has been chosen by Verizon Wireless to help build the United States’ first 4G wireless network.

Ericsson shares up on strong report

Mon, 20 Oct 2008 11:20:00 +0200

Despite posting a 28 percent drop in third quarter net profits on Monday, Swedish telecoms giant Ericsson beat expectations, sending its stock price soaring in early trading.

Ericsson CEO: 'It's brutal out there'

Thu, 09 Oct 2008 20:20:00 +0200

Ericsson CEO Carl-Henric Svanberg added his voice to the growing chorus of business leaders with concerns about the state of the world’s financial markets.