Ericsson Announces Compliance Leadership Changes
On February 28, 2023, Ericsson (NASDAQ: ERIC) announced the departure of Chief Compliance Officer Laurie Waddy after four years. Waddy, who joined the company in April 2019, was instrumental in developing Ericsson's ethics and compliance program. Jan Sprafke has been appointed as the interim CCO while a search for a permanent replacement is conducted. CEO Börje Ekholm expressed gratitude for Waddy's contributions, emphasizing the ongoing commitment to a culture of ethics and integrity. Waddy is assisting Sprafke to ensure a smooth transition.
- Laurie Waddy significantly enhanced Ericsson's compliance program during her tenure.
- The appointment of Jan Sprafke as interim CCO may provide continuity in compliance leadership.
- Concerns may arise regarding the transition period and the potential lack of experience in the interim role.
A search for a successor is underway. As interim CCO,
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