Ericsson boss named as BP’s new chairman

Ericsson boss Carl-Henric Svanberg has been unveiled as energy giant BP’s new chairman, replacing Peter Sutherland. BP said Svanberg, who is Ericsson’s chief executive and also chairman of Sony Ericsson and a non-executive director of Melker Schörling AB, would join the board as chairman designate on September 1. He would take over fully from Sutherland on January 1 next year, ending his seven-year tenure at Ericsson