Multinational energy giant BP
Svanberg may sound like a surprising choice since the energy industry has little in common with Ericsson's telecommunications pedigree. But Svanberg is a proven business leader who took over a fallen giant in 2003 and molded Ericsson into a world leader in mobile infrastructure equipment. Before that, he led lock maker Assa Abloy through more than 45 acquisitions on the way to a global footprint and seven-fold revenue growth in 10 years. Svanberg's management style encourages open communications, and he likes to keep a very long-term focus on business opportunities.
These qualities seem to make Svanberg a good fit for one of the world's biggest enterprises, besides the fact that rival Royal Dutch Shell
BP's sales were a staggering $321 billion over the past four quarters, trailing only ExxonMobil
Svanberg will stay at Ericsson this year, moving to his new strategic guidance role at BP in January 2010. He's filling some very large shoes: Sutherland is a former Ireland attorney general, the first director-general of the World Trade Organization, and a former chairman for investment bank Goldman Sachs
Svanberg's replacement at Ericsson will be current CFO Hans Vestberg, an 18-year Ericsson veteran who has spent his entire career at the Swedish telecom specialist. He knows the company inside and out, but we don't know if he can match Svanberg's visionary style.
Let's give both Svanberg and Vestberg a chance to prove their mettle. And I wouldn't be surprised to see Svanberg going on an acquisition tear to shape BP in his image.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings or a concise bio if you like, and The Motley Fool is investors writing for investors.