Ericsson searching for CCO successor amid extended compliance monitorship

Ericsson announced the departure of Chief Compliance Officer Laurie Waddy as the Swedish telecommunications company braces for another year under an independent compliance monitorship.

Waddy joined Ericsson in April 2019. She will be replaced on an interim basis by Jan Sprafke while the company searches for a full-time successor.

“We thank Laurie for her contributions to Ericsson over the past several years building the compliance function and program and wish her the best as she starts her next chapter,” said Ericsson President and Chief Executive Börje Ekholm in a press release Tuesday. “The whole executive team remains focused on the key priority of embedding a culture of ethics and integrity into our business, which we believe is critical to our market leadership.”