Douglas L. Gilstrap appointed Head of Ericsson Strategy
(Thomson Reuters ONE) - Douglas L. Gilstrap has been appointed Senior Vice President and Headof Group Function Strategy at Ericsson (NASDAQ: ERIC), effective asof October 1, 2009. Gilstrap brings to Ericsson more than 15 yearsexperience in the global telecommunications and IT industry."Together with its customers, Ericsson is the main driving force inan industry that is shaping almost every aspect of our lives." saysGilstrap. "As a professional with many years in the industry, it isgreat to join the leading company in a moment wheretelecommunications and broadband have proven a key means of economicdevelopment.""Doug has vast experience in telecommunications and especially inbusiness development," says Hans Vestberg, CFO and newly appointedCEO of Ericsson. "That will be key in continuing the strategy thathas turned Ericsson into the industry leader."Gilstrap began his career at the telecommunications and IT industryin 1991, when he joined SITA (Societé Internationale deTelecommunications Aeronautiques), a Paris based data networkcooperative serving the airline industry. He was appointed CFO, thenCOO to Equant Network Services, a spin-off of SITA which was fundedby Morgan Stanley private equity. As member of Equant's foundingmanagement team, he was instrumental in taking the company public andhelped turn it into one of the world's leading data/IP networkingcompanies.In 2000, Douglas was named CEO of Radianz where he led a teamresponsible for creating, building, and managing the largestfinancial extranet, providing a global IP network and hosting to thefinancial community. The company has been named Best FinancialNetwork by a leading industry magazine for multiple years.Later Gilstrap was strategic advisor for Cable & Wireless for threeyears, where he worked on turnaround issues which included UKdevelopment and acquisition activities.He received a BS in accounting from the University of Richmond and anMBA from Emory University in Atlanta and has also attended the selectexecutive program at Insead, France.Notes to editors:Link to Douglas L. Gilstrap's biography and photograph:www.ericsson.com/ericsson/corpinfo/management/douglas_gilstrap.shtmlEricsson's multimedia content is available at the broadcast room:www.ericsson.com/broadcast_roomEricsson is the world's leading provider of technology and servicesto telecom operators. Ericsson is the leader in 2G, 3G and 4G mobiletechnologies, and provides support for networks with over 1 billionsubscribers and has a leading position in managed services. Thecompany's portfolio comprises of mobile and fixed networkinfrastructure, telecom services, software, broadband and multimediasolutions for operators, enterprises and the media industry. The SonyEricsson and ST-Ericsson joint ventures provide consumers withfeature-rich personal mobile devices.Ericsson is advancing its vision of "to be the prime driver in anall-communicating world" through innovation, technology, andsustainable business solutions. Working in 175 countries, more than75,000 employees generated revenue of SEK 209 billion (USD 32.2billion) in 2008. Founded in 1876 with the headquarters in Stockholm,Sweden, Ericsson is listed on OMX NASDAQ, Stockholm and NASDAQ NewYork.www.ericsson.comwww.ericsson.mobiwww.twitter.com/ericssonpressFOR FURTHER INFORMATION, PLEASE CONTACTEricsson Corporate Public & Media RelationsPhone: +46 10 719 69 92E-mail: press.relations(at)ericsson.comhttp://hugin.info/1061/R/1333791/316279.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.08.2009 - 08:15 Uhr
Sprache: Deutsch
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