Sony Ericsson president to step down

Sony Ericsson has announced that president Dick Komiyama is to step down at the end of the year.

Ericsson executive, Bert Nordberg, pictured, will assume the role of president on October 15th. On the same day, Sony ceo Sir Howard Stringer will become new board chairman, replacing Ericsson head Carl-Henric Svanberg, who will become chairman of BP PLC in January 2010. Svanberg said: "Bert Nordberg has a strong track record in the area of business realignment and was instrumental in the transformation of Ericsson in the years 2002 – 2003. Bert also brings a wealth of experience in telecommunications network infrastructure and in sales, where he has been a key driver of Ericsson's overall growth".