Waddy joined the Swedish telecom company in April 2019 “and played an important role in strengthening the company’s ethics and compliance function,” Ericsson stated in a Feb. 28 press release.
She will be replaced on an interim basis by Jan Sprafke as the company undertakes a search for her successor. Waddy will work with Sprafke “to ensure a smooth transition of the compliance functions and monitorship activities,” the company said.
President and CEO Börje Ekholm said, “The whole executive team remains focused on the key priority of embedding a culture of ethics and integrity into our business.”
In February 2022, the International Consortium of Investigative Journalists (ICIJ) published an exposé, called the “Ericsson List,” in which it described the damning details of a leaked internal investigation report, which revealed how Ericsson “made tens of millions of dollars in suspicious payments over nearly a decade to sustain its business in Iraq, financing slush funds, trips abroad for defense officials and payoffs through middlemen to corporate executives and possibly terrorists,” according to the ICIJ report. 
Jaclyn Jaeger is a contributing editor at Compliance Chief 360° and a freelance business writer based in Manchester, New Hampshire.