Ericsson's Board names Börje Ekholm new President and CEO
(Thomson Reuters ONE) -
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
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericsson
FOR FURTHER INFORMATION, PLEASE CONTACT
Ola Rembe, Head of External Communications, Ericsson
Phone: +46730244873
E-mail: ola.rembe(at)ericsson.com
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
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:
http://hugin.info/1061/R/2051527/767606.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
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2016 - 08:31 Uhr
Sprache: Deutsch
News-ID 502816
Anzahl Zeichen: 6167
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 253 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ericsson's Board names Börje Ekholm new President and CEO"
steht unter der journalistisch-redaktionellen Verantwortung von
Ericsson (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
