Ericsson announces change in Executive leadership team

Ericsson announces change in Executive leadership team

ID: 498057

(Thomson Reuters ONE) -



* Position as Chief HR Officer will move to group headquarters in Sweden to be
close to CEO and the majority of the Executive Leadership Team
* Bina Chaurasia, Senior Vice President and Chief Human Resources Officer,
based in California, therefore will resign from her position and the
Ericsson Executive Leadership Team, effective November 15, 2016
* Chaurasia has built a world class global HR function for Ericsson - and
developed and implemented a People Strategy for the company with strong
focus on attracting, developing, and retaining the best talent
* The process to find a new Chief HR Officer has been initiated
Ericsson (NASDAQ:ERIC) today announced it will move the position as Chief HR
Officer to Sweden and that Bina Chaurasia, based in California therefore will
resign from her role as Senior Vice President and Chief HR Officer, effective
November 15, 2016.
The role of Chief Human Resources Officer has been based in California since
2014. However, with the heavy transformation work needed currently in Ericsson,
the position will move to Stockholm to be close to the CEO and the majority of
the Executive Leadership Team.
Jan Frykhammar, CEO and President of Ericsson, said: "Bina has been instrumental
in reshaping Ericsson's Human Resource function and developing Ericsson's People
Strategy during a period of massive business transformation. With deep
understanding of the company's overall goals and culture, Bina has been a highly
appreciated member of our leadership team."
Joining Ericsson from Hewlett Packard in 2010, Chaurasia has built a world class
global HR function for Ericsson. Under her leadership, the HR team has developed
and implemented a People Strategy with strong focus on attracting, developing,
and retaining the best talent, and special focus on developing competence,
especially in new growth areas.




Bina Chaurasia said: "Both Ericsson and the industry are going through a period
of massive transformation. I am proud to have been part of the journey for the
past six years and, along with my team, to have taken what was a very fragmented
function and created a strong global HR function, supporting the delivery of the
business strategy and the development of employees."
Effective November 15, 2016, Maj-Britt Arfert has been appointed acting Chief HR
Officer while the search for a successor is underway.

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

FOR FURTHER INFORMATION, PLEASE CONTACT

Peter Olofsson, Head of Corporate Communications
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail:  media.relations(at)ericsson.com

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


Ericsson announces change in Executive Leadership Team:
http://hugin.info/1061/R/2045726/764288.pdf



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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Bereitgestellt von Benutzer: hugin
Datum: 30.09.2016 - 10:08 Uhr
Sprache: Deutsch
News-ID 498057
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