Börje Ekholm takes office as President and CEO
January 16 2017 - 2:30AM
- As previously announced on October 26 2016, Börje
Ekholm assumes today the position as President and CEO of
Ericsson
- Jan Frykhammar remains a member of the Executive
Leadership Team and is, effective today, appointed Executive Vice
President and Advisor to the CEO
- Magnus Mandersson remains Executive Vice
President, Advisor to the CEO and a member of the Executive
Leadership Team
- Carl Mellander remains acting Chief Financial
Officer and a member of the Executive Leadership Team
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
Ericsson is the driving force
behind the Networked Society - a world leader in communications
technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and
society to fulfill their potential and create a more sustainable
future.
Our services, software and
infrastructure - especially in mobility, broadband and the
cloud - are enabling the telecom industry and
other sectors to do better business, increase efficiency, improve
the user experience and capture new opportunities.
With approximately 115,000
professionals and customers in 180 countries, we combine global scale with technology and services
leadership. We support networks that connect more than 2.5 billion
subscribers. Forty percent of the world's mobile traffic is carried
over Ericsson networks. And our investments in research and
development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its
headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is
listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in
New York.
www.ericsson.com
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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
Börje Ekholm takes office as
President and CEO
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
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information contained therein.
Source: Ericsson via Globenewswire
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