Ericsson's CEO Hans Vestberg, has dispelled rumors of him becoming the next Microsoft CEO and told directors that he does not intend on stepping down.
Lately, rumors have been rife that Vestberg is in the race to succeed outgoing Microsoft CEO Steve Ballmer. However, Vestberg has said he remains "committed" to the company.
"I am committed to Ericsson," said Vestberg, 48, in an interview to Bloomberg in Stockholm. "I plan to stay here if the board supports me as well as the employees and customers."
Earlier in August 2013, Ballmer announced his plans to retire and since then speculations surrounding his successor have been widespread.
Earlier in November 2013, Microsoft's chairman and co-founder Bill Gates let on that the board had discussed several prospective candidates who were being considered for the post.
"We've got a commitment to make sure the next CEO is the right person for right time for the company we both love," Gates told shareholders at the time. "We share a commitment that Microsoft will succeed as a company that makes the world a better place."
Apparently, a document by Microsoft's board describes the ideal candidate as possessing an "extensive track record in managing complex, global organizations within a fast-paced and highly competitive market sector; track record of delivering top and bottom line results. Proven ability to lead a multi-billion dollar organization and large employee base."
Before Vestberg's name surfaced as a prospective candidate, rumors that Microsoft is considering company insiders like Tony Bates, EVP of Microsoft responsible for Business Development, Strategy and Evangelism, and Satya Nadella, EVP of Microsoft's Cloud and Enterprise group, have also done the rounds.
Ford's Alan Mulally too was considered to be a prime candidate for the job; however, he laid to rest all speculation earlier in January.
"I would like to end the Microsoft speculation because I have no other plans to do anything other than serve Ford," said Mulally in an interview.
Microsoft was also rumored to be considering Steve Mollenkopf of Qualcomm for the post of Microsoft's CEO, as well as ex-Nokia CEO Stephen Elop.
With time running out for Microsoft, the company will soon have to come to a decision regarding the next CEO. The company may prefer a candidate who has more experience in consumer products, which will help the business in taking on competition from the likes of Samsung and Apple after its acquisition of Nokia's mobile phone business.
