Håkan Eriksson is today heading Ericsson's operations in Australia and he has worked at Ericsson for the past 30 years. He has been reported by Swedish business paper Dagens Industri to be the candidate favored by the board of Ericsson to take over as CEO after Hans Vestberg. According to the paper, Eriksson is the only internal candidate on the list. Eriksson is said to have been instrumental in Ericsson's past successes with 3G. He is 56, and studied in Sweden and at Stanford to become an engineer. He lacks a formal business education, the paper reports.