Ericsson Names New Chairman

Telefon AB L.M. Ericsson, the world's largest network-gear vendor, said Thursday it plans to appoint Volvo AB Chief Executive Leif Johansson as its chairman.

Mr. Johansson, a Swedish national, has served as CEO of Volvo, the world's second-largest truck maker by sales behind Germany's Daimler AG, since 1997. In early February, as Volvo reported fourth-quarter earnings, Mr. Johansson announced that he would resign in August 2011.