Lockmaker Assa Abloy searching for key man to succeed CEO
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Stockholm
SWEDISH lockmaker Assa Abloy said it had begun the search for a successor to long-time CEO Johan Molin, seen as a potential chairman of ailing mobile telecom gear maker Ericsson.
Shares in Assa Abloy, the world's biggest lockmaker, tumbled nearly 5 per cent after it said in a statement that Mr Molin, one of Sweden's most highly regarded top executives, could step down next year.
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