Ericsson (NASDAQ:ERIC) today announced that its
Board of Directors has appointed Börje Ekholm President and CEO,
effective January 16, 2017. Börje Ekholm will also remain a member
of the Board of Directors of Ericsson.
Chairman of the Board Leif Johansson says: "I am
very pleased to announce the appointment of Börje Ekholm. He has a
solid understanding of both the technology and business
implications of the ongoing convergence of telecoms, IT and media.
Having served on Ericsson's Board of Directors for the past ten
years, Börje Ekholm has full understanding of the challenges and
the opportunities Ericsson currently faces."
Börje Ekholm joins Ericsson from his current
position as CEO of Patricia Industries, a division within Investor.
Prior to assuming this position in 2015, Börje Ekholm held the
position as President and CEO of Investor AB between 2005 and 2015.
Previous positions also include President of Investor Growth
Capital Inc., as well as positions with Novare Kapital AB and
McKinsey & Co Inc.
Johansson continues: "In the middle of a
significant company transformation I am confident that Ericsson
will benefit from Börje Ekholm's world-class ability to forcefully
execute on strategic direction and plans. Börje Ekholm brings years
of experience from leading a publicly listed company with a strong
track record of driving shareholder value."
Börje Ekholm says: "I am very excited about this
opportunity. As the networks and applications become even more
important in a 5G connected world, our customers, and the industry,
look for continuous innovation. I look forward to joining the great
team at Ericsson and work closely with existing and new customers
around the world in shaping the future of our industry."
Börje Ekholm is a member of the Board of Directors
for Telefonaktiebolaget LM Ericsson, Alibaba Inc., NASDAQ OMX Group
Inc. and Trimble Navigation Ltd. He is also a member of the
University Board of KTH Royal Institute of Technology.
Born in 1963 Börje Ekholm holds a Master of
Science in Electrical Engineering from KTH Royal Institute of
Technology, Stockholm, Sweden, as well as a Master of Business
Administration from INSEAD, France.
Jan Frykhammar will remain interim CEO until
January 16, 2017.
PRESS BRIEFING AND LIVE
WEBCAST
Ericsson will hold a press briefing, which will
also be available via a live webcast, starting at 10:30 AM CEST /
4:30 AM EDT on Wednesday 26, 2016, at Ericsson Headquarters, in the
Ericsson Studio, Grönlandsgatan 8, Kista, Sweden.
Chairman of the Board Leif Johansson, and Börje
Ekholm, will comment and answer questions. The press briefing is
open to journalists and analysts.
You can follow the press briefing and ask
questions via the live webcast at: www.ericsson.com/investors and
at: www.ericsson.com/press.
The replay will be available shortly after the
event, via the same link.
Direct URL for the webcast:
http://edge.media-server.com/m/p/h6sa99p6
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: +46730244873
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
This information is information that
Telefonaktiebolaget LM Ericsson is obliged to make public pursuant
to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out
above, at 08:30 CEST on October 26, 2016.
Ericsson’s Board names Börje Ekholm
new 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
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ericsson via Globenewswire
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