REG - Telefon AB Ericsson - Ericsson Appoints New Chief Financial Officer

Telefonaktiebolaget LM EricssonAnnouncement

23/01/2024 11:45

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RNS Number : 6224A  Telefonaktiebolaget Lm Ericsson  23 January 2024

Ericsson appoints Lars Sandström as Chief Financial Officer

·    Effective as of April 1, 2024

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

Ericsson (NASDAQ: ERIC) today announces the appointment of Lars Sandström as
its new Chief Financial Officer, Senior Vice President, and Head of Group
Function Finance. Mr. Sandström will replace Carl Mellander, whose departure
Ericsson announced in April 2023. Mr. Sandström will join Ericsson on April
1, 2024, and will be based in Sweden.

Lars Sandström is currently Chief Financial Officer and member of the
executive team at Getinge - a listed global leader within Medtech. Mr.
Sandström has been with Getinge since 2017 and holds a Master of Science in
Business Administration. Mr. Sandström has previously held several senior
positions at AB Volvo, Scania and Swedish Orphan Biovitrum AB.

Börje Ekholm, President and CEO of Ericsson, said: "I warmly welcome Lars
Sandström to Ericsson. Lars' impressive track record, extensive experience
and knowledge in a variety of financial and management roles will be immensely
important as we execute on our strategy to extend our leadership in mobile
networks, expand into the enterprise segment and drive our culture
transformation."

Commenting on the appointment, Mr. Sandström says: "I'm very excited to join
Ericsson and to help drive the creation of game-changing technologies and
services that shape our future. Connectivity not only redefines businesses and
improve lives, but it is also pioneering a sustainable future for all of us."

In April 2023 Ericsson announced that Carl Mellander would step down after
having been with Ericsson for over 25 years and a member of the Company's
Executive Team since 2016. Mr. Mellander will leave Ericsson at the end of the
first quarter 2024.

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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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