STOCKHOLM, Nov. 7, 2017 /PRNewswire/ --
- Fredrik Jejdling appointed Executive Vice President, in
addition to his current role as Head of Business Area Networks,
effective November 7, 2017
- Jan Frykhammar, Executive Vice President and advisor to the
CEO, to leave his role as Executive Vice President and the Ericsson
Executive Team, effective November 7,
2017
- Magnus Mandersson, Executive Vice President and advisor to the
CEO, to leave his role as Executive Vice President and the Ericsson
Executive Team, effective November 7,
2017
Ericsson's (NASDAQ: ERIC) Board of Directors has appointed
Fredrik Jejdling as Executive Vice President of Ericsson, effective
November 7, 2017. This appointment is
made in addition to his current role as Head of Business Area
Networks and member of the Ericsson Executive Team.
Jan Frykhammar, Executive Vice President and advisor to the CEO,
will leave his role as Executive Vice President and the Ericsson
Executive Team, effective November 7,
2017.
Magnus Mandersson, Executive Vice President and advisor to the
CEO, will leave his role as Executive Vice President and the
Ericsson Executive Team, effective November
7, 2017.
Both Mr Frykhammar and Mr Mandersson will leave Ericsson to
pursue other opportunities.
Mr Frykhammar has had a long and distinguished career in the
company. Starting in 1991, he has held a number of leadership
positions in the company and has been part of the Ericsson
Executive Team since 2008 and was appointed Chief Financial Officer
in 2009. Prior to this, Mr Frykhammar held the role as Head of
Business Unit Global Services.
Mr Frykhammar temporarily held the position as President and CEO
during the search for a new President and CEO (July 25, 2016 – January
15, 2017), after which he took on the role as Advisor to the
CEO, focusing on corporate governance and efficiency.
Mr Mandersson joined Ericsson in 2004 and has since held several
senior positions within the company, including Head of Ericsson's
Business Unit Global Services, Head of Ericsson's business in
Northern Europe, and Senior Vice
President for Business Unit CDMA Mobile Systems. In his role as
Advisor to the CEO, he has supported President and CEO Börje
Ekholm, focusing on customer relationships. Mr Mandersson was
appointed to the Ericsson Executive Team in 2009 and was appointed
Executive Vice President in 2011.
Börje Ekholm, President and CEO, Ericsson, says: "Jan and Magnus
have been part of guiding Ericsson through the incredible
transformation that the industry has gone through the past 15
years."
"Jan Frykhammar has been invaluable to the company during his 26
years at Ericsson, not least when stepping up as interim CEO in a
time when leadership and momentum was of utmost importance. Magnus
has been instrumental in building up the company's services
business, and in establishing and nurturing some of our most
important customer relationships. I wish Jan and Magnus all the
best in their future endeavors."
NOTES TO EDITORS
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Ericsson is a world leader in communications technology and
services with headquarters in Stockholm,
Sweden. Our organization consists of more than 111,000
experts who provide customers in 180 countries with innovative
solutions and services. Together we are building a more connected
future where anyone and any industry is empowered to reach their
full potential. Net sales in 2016 were SEK
222.6 billion (USD 24.5
billion). The Ericsson stock is listed on Nasdaq Stockholm
and on NASDAQ in New York. Read more
on www.ericsson.com.
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Ericsson announces
changes to Executive Team
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