REG - Telefon AB Ericsson - Nomination Committee proposal - board of directors

Telefonaktiebolaget LM EricssonAnnouncement

11/01/2023 16:15

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RNS Number : 4390M  Telefonaktiebolaget Lm Ericsson  11 January 2023

Ericsson Nomination Committee´s proposal for board of directors. Jan Carlson
proposed as new Chairman

·    Chairman, Ronnie Leten, has informed that he will not stand for
re-election to the Board

·    Kurt Jofs and Nora Denzel have informed the Nomination Committee that
they will not stand for re-election as directors

·    The Nomination Committee of Ericsson proposes that current board
member Jan Carlson be elected as new Chairman of the Ericsson Board by the
Annual General Meeting 2023 of the company

·    The Nomination Committee of Ericsson further proposes that Christy
Wyatt and Jonas Synnergren be elected new board members by the Annual General
Meeting 2023 of the company

The Nomination Committee of Ericsson (NASDAQ: ERIC) has informed the Company
that it proposes that the shareholders elect at the Annual General Meeting
2023 ten ordinary board members with no deputy directors. The Nomination
Committee proposes that the following persons be elected as board members:

Jan Carlson, Chairman (re-election)

Helena Stjernholm (re-election)

Jacob Wallenberg (re-election)

Jon Fredrik Baksaas (re-election)

 

Carolina Dybeck Happe (re-election)

Börje Ekholm (re-election)

Eric.Elzvik (re-election)

Kristin S. Rinne (re-election)

Christy Wyatt (new election)

Jonas Synnergren (new election)

 

Ronnie Leten, the current Chairman of the board, has informed he will not
stand for re-election to the Board at the next Annual General Meeting. Ronnie
was elected to the Ericsson board of directors as Chairman in 2018 and will
continue to serve as Chairman for the remainder of his term. The Nomination
Committee hence proposes that, the current board member, Jan Carlson be
elected by the Annual General Meeting 2023 as new Chairman of the Ericsson
Board.

Kurt Jofs and Nora Denzel have informed the Nomination Committee that they
will not be available for re-election at the Annual General Meeting 2023.

It is the Nomination Committee's assessment that each of the proposed board
members, with their respective experiences, adds valuable expertise and
experience to the Board. Christy Wyatt's and Jonas Synnergren's extensive
international business experiences and deep software, enterprise and
technology expertise will be of additional value to Ericsson and will further
strengthen the board of directors.

Christy Wyatt is born 1972 and holds a Diploma of Scientific Computer
Programming Technology from the College of Geographic Sciences in Canada.
Christy has long-term international business experience from senior management
roles within DTEX Systems, Good Technology and Motorola and is currently the
President and CEO of Absolute Software.

Jonas Synnergren is born 1977 and holds a Master of Science in Business and
Economics from Stockholm School of Economics in Sweden. Jonas has long-term
international business experience as a Board member of Veoneer, Tieto and
Metso and is currently a board member of Nordea. In addition, Jonas is Senior
Partner in Cevian Capital, one of Ericsson's shareholders.

Information of the board members proposed for re-election can be found on the
company's website (www.ericsson.com (http://www.ericsson.com) ).

The company expects to hold its Annual General Meeting on March 29, 2023, and
the Nomination Committee's complete proposals and motivated statement will be
announced in due time before the Annual General Meeting.

Johan Forssell, Chairman of the Nomination Committee says: "We believe that
Ericsson has a strong board of directors to continue to drive the strategic
agenda and further strengthen the culture of the company. Jan Carlson has a
long career both as CEO and Chairman, as well as good knowledge of Ericsson
after serving many years on the board. His international experience,
technology background and personal qualities make him an excellent successor
as Chairman of the Board, securing a smooth transition from Ronnie Leten."

Ronnie Leten says: "It has been an honor to serve on the Ericsson board since
2018 and I am very proud of what has been achieved. Today Ericsson is a very
strong company both strategically and financially. The company has brought 5G
to the world and regained its technology leadership."

Ronnie continues: "Börje Ekholm, since stepping in as CEO, has turned the
company around and this continues with the important governance and cultural
transformation which is underway."

Commenting on the matter, Jan Carlson stated: "Having been on the Board since
2017, it is an honor to be put forward for the Ericsson Chairmanship.  I look
forward to the Annual General Meeting and to working closely with Börje, the
Board and the executive team as we continue to execute on our strategy."

Ericsson's Nomination Committee consists of Johan Forssell, Investor AB
(Chairman of the Nomination Committee); Karl Åberg, AB Industrivärden,
Anders Oscarsson, AMF - Tjänstepension och Fonder, Niko Pakalén, Cevian
Capital Partners Limited, and Ronnie Leten, Chairman of the Board.

 

NOTES TO EDITORS:

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MORE INFORMATION AT:

Ericsson Newsroom (https://www.ericsson.com/en/newsroom)

media.relations@ericsson.com  (+46 10 719 69 92)

investor.relations@ericsson.com  (+46 10 719 00 00)

 

Contact person

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations

Phone: +46 730 95 65 39

E-mail: media.relations@ericsson.com

Media contacts

Kirsty Fitzgibbon, Vice President, Head of External Relations, acting

Phone: +46 730 95 81 57

E-mail: media.relations@ericsson.com

Kristoffer Edshage, Head of Financial and Regulatory Communication

Phone: +46 722 20 44 46

E-mail: media.relations@ericsson.com

 

Media Relations

Phone: +46 10 719 69 92

E-mail: media.relations@ericsson.com

 

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)

 

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 16:30 pm CET on January 11, 2023.

 

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