REG - Telefon AB Ericsson - Appoints Head of Market Area North East Asia

Telefonaktiebolaget LM EricssonAnnouncement

29/01/2024 08:00

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RNS Number : 1934B  Telefonaktiebolaget Lm Ericsson  29 January 2024

Ericsson appoints Chafic Nassif Head of Market Area North East Asia

·    Effective as of February 26, 2024

·    Becomes member of Ericsson's Executive Team, reporting to the CEO

Ericsson (NASDAQ: ERIC) today announces the appointment of Chafic Nassif as
its new Head of Market Area North East Asia and Senior Vice President. Mr.
Nassif who is currently Head of Ericsson's Customer Unit Latin America North
within Market Area Europe & Latin America, will replace Chris Houghton who
was appointed Chief Operating Officer of Ericsson in November 2023. Mr. Nassif
will take up his new position on February 26, 2024, and will be based in
Japan.

Chafic Nassif has held several executive and management positions within
Ericsson across various business segments and geographies worldwide. Most
recently he was the Head of Customer Unit Taiwan. Before joining Ericsson, Mr.
Nassif was active in tech start-ups, as well as IT and business consulting
leadership roles in Europe.

Börje Ekholm, President and CEO of Ericsson, said: "I'm very happy that
Chafic has accepted to take on this role. He brings a wealth of experience
from working for Ericsson across the globe and is a strong business leader
with a proven track record. He is passionate about advancements in
connectivity, 5G technology, and any form of smart entrepreneurship. I'm very
much looking forward to having Chafic on the Executive Team."

Commenting on the appointment, Chafic Nassif said: "I am truly honored and
excited to assume this new role. Having been part of the leadership team of
Ericsson in North East Asia before, I'm confident in our talented team and the
foundation of success that Ericsson has established. Together, we will focus
on creating innovative solutions and delivering unparalleled value to our
customers and partners."

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ABOUT ERICSSON:

Ericsson enables communications service providers and enterprises to capture
the full value of connectivity. The company's portfolio spans the following
business areas: Networks, Cloud Software and Services, Enterprise Wireless
Solutions, Global Communications Platform, and Technologies and New
Businesses. It is designed to help our customers go digital, increase
efficiency and find new revenue streams. Ericsson's innovation investments
have delivered the benefits of mobility and mobile broadband to billions of
people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq
New York. www.ericsson.com (http://www.ericsson.com)

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