Ericsson announces change to the Executive Team

Fadi Pharaon says: "It has been a true honor to be part of Ericsson's Executive Team and to head Market Area Middle East & Africa alongside all the talented colleagues at Ericsson. I am very passionate about the Company and grateful for all the opportunities it offered me. I will be following Ericsson as it continues to progress and execute on our strategy to strengthen leadership in mobile networks, drive a focused expansion in enterprise, and pursue cultural transformation."

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ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions and Global Communications Platform. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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