REG - Telefon AB Ericsson - Ericsson appoints Scott Dresser Chief LegalOfficer

Telefonaktiebolaget LM EricssonAnnouncement

16/03/2022 15:30

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RNS Number : 0279F  Telefonaktiebolaget Lm Ericsson  16 March 2022

Ericsson appoints Scott Dresser as Chief Legal Officer

·    Effective as of March 21, 2022

·    Member of Ericsson's Executive Team, reporting to CEO

Ericsson (NASDAQ: ERIC) today announced the appointment of Scott Dresser to
the company's Executive Team as Senior Vice President, Chief Legal Officer and
Head of Group Function Legal Affairs & Compliance. Scott will join
Ericsson on 21 March 2022 and be based in the US. Scott replaces Xavier
Dedullen.

Ericsson President and CEO, Börje Ekholm said: "I warmly welcome Scott to
Ericsson. He brings a wealth of global experience spanning our sector and
beyond. Scott joins us at a critical time and will play a key role working
with me, our Board and the rest of our team as we continue to grow and
strengthen the company. We demand that our business be conducted responsibly
and with integrity across its value chain. Scott's experience driving positive
change will be invaluable as Ericsson expands its business and continues its
cultural transformation, enhancing its governance, compliance, and
controls."

Commenting on his appointment, Scott Dresser said: "Ericsson is a global
leader that plays an essential role in advancing the future of communications.
I am excited to be joining and look forward to working with Börje and the
entire organization to execute the strategy while focusing on operating with
the highest standards of corporate governance and compliance."

With a legal career spanning more than three decades, Dresser joins Ericsson
from Veon, where he has served for eight years as the company's General
Counsel. Prior to Veon, Scott held senior leadership positions with Virgin
Media, White Mountains Capital and Conservation International. He began his
career in New York in private practice with law firms Lord Day & Lord and
Morgan Lewis where he specialized in corporate law, governance, and mergers
and acquisitions. Scott is a US citizen.

Appointed Chief Legal Officer and Secretary to the Board of Directors in April
2018, Xavier Dedullen has played an important role during the turn-around of
the company's business and helped to establish firmer foundations for the
legal, compliance, and corporate investigation functions. He will leave the
role effective 20 March, 2022 but remain with Ericsson for a transition
period.

Börje Ekholm continued: "I want to thank Xavier sincerely for his commitment
and support over the past four years. During his tenure, we have taken
important strides in several strategic areas including our compliance program.
Xavier leaves with our gratitude and I wish him well in all future endeavors."

 

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About Ericsson
Ericsson enables communications service providers to capture the full value of
connectivity. The company's portfolio spans Networks, Digital Services,
Managed Services, and Emerging Business and is designed to help our customers
go digital, increase efficiency and find new revenue streams. Ericsson's
investments in innovation have delivered the benefits of telephony and mobile
broadband to billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
(http://www.ericsson.com)

 

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