Microsoft mulls Ericsson's CEO to succeed Ballmer

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Microsoft (MSFT) is reportedly considering Ericsson CEO (ERIC) Hans Vestberg as a replacement for the (shy and) retiring Steve Ballmer.

Vestberg joins the likes of former Nokia boss Stephen Elop and Microsoft insider Satya Nadella on the shortlist.

Since Vestberg became CEO of Ericsson in January 2010, revenues have increased from 206B Swedish kronor ($32B) in 2009 to an estimated 225B last year, while the stock price has climbed 19%.

Vestberg also oversaw the exit of Ericsson from the mobile-handset market with the break-up of the company's joint venture with Sony. His appointment would therefore possibly raise questions about Microsoft's strategy vis a vis its acquisition of Nokia's mobile-phone unit.