Börje Ekholm takes office as President and CEO

As previously announced on October 26 2016, Börje Ekholm assumes today the position as President and CEO of EricssonJan Frykhammar remains a member of the Executive Leadership Team and is, effective today, appointed Executive Vice President and Advisor to the CEOMagnus Mandersson remains...

London, 16/01/2017 (informazione.it - comunicati stampa - information technology)

Ericsson (NASDAQ:ERIC) today announced that in connection with Börje Ekholm today assuming the position as President and CEO of Ericsson, Jan Frykhammar, who has temporarily held the position as President and CEO, remains a member of the Executive Leadership Team and is appointed Executive Vice President and Advisor to the CEO. Jan Frykhammar will support Börje Ekholm during a transition period and will focus on corporate governance and efficiency.

Magnus Mandersson remains Executive Vice President, Advisor to the CEO, focusing on customer relationships, and a member of the Executive Leadership Team. Mandersson also remains Chairperson of four out of Ericsson's ten regions.

Carl Mellander remains acting Chief Financial Officer and a member of the Executive Leadership Team.

Börje Ekholm, President and CEO, Ericsson, says: "I am very excited to assume the role as President and CEO of Ericsson, a company that I have admired for as long as I can remember. Ericsson has shaped an entire industry and led technology developments that have benefitted so many. Yet, we are only at the beginning of the mobility journey as we in coming years will see massive transformation across industries as 5G is introduced."

Leif Johansson, Chairman of the Board, Ericsson, says: "I am confident that Börje Ekholm will be able to guide Ericsson on the next steps of the company's development. Having served on the Ericsson Board of Directors for many years, Börje has a deep understanding of the business and the challenges Ericsson currently faces. I also want to express my gratitude to Jan Frykhammar who has served as interim CEO since July last year and who has led the company in a very dedicated and professional way."

NOTES TO EDITORS

For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press

www.ericsson.com 
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericsson

FOR FURTHER INFORMATION, PLEASE CONTACT

Ola Rembe, Head of External Communications, Ericsson
Phone: +46 10 719 69 92
E-mail: ola.rembe@ericsson.com

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com