Ericsson (NASDAQ: ERIC) announced a corporate restructuring that includes business units dedicated to the IT and cloud sectors, news that comes alongside a reshuffled management team and relatively sluggish first quarter results.
Specifically, Ericsson said that it will break up its businesses into five new units, two of which will focus on IT and cloud operations. Ericsson’s new Business Unit IT & Cloud Products unit will be headed by Anders Lindblad, currently the company’s Head of Business Unit Cloud & IP. Ericsson said Lindblad will also join the company’s Executive Leadership Team with CEO Hans Vestberg and others.
And Ericsson’s new Business Unit IT & Cloud Services unit will be headed by Jean-Philippe Poirault, c…
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