Simplified organizational structure and appointments to Executive Team will help drive execution of company strategy New Business Areas, Market Areas and Executive Team effective April 1, 2017 In line with the business strategy announced today, ...
- Simplified organizational structure and appointments to Executive Team will help drive execution of company strategy
- New Business Areas, Market Areas and Executive Team effective April 1, 2017
In line with the business strategy announced today, Ericsson (NASDAQ: ERIC) is simplifying its organizational structure by removing the two-tiered leadership structure, Executive Leadership Team and Global Leadership Team, and forming a single Executive Team. In addition, the geographical setup with ten regions will become five market areas, and the business areas are re-defined and reduced to three. The new Executive Team roles and the new organization will take effect April 1, 2017.
Ericsson President and CEO Börje Ekholm says: "To execute quickly and successfully on the next phase of our strategy, a new leadership team will immediately start working together. We will use the near future to solidify ways of working for the new structure, which will be more efficient and responsive to market and customer needs."
The following Business Area and Market Area structure will apply to the Ericsson Group as of April 1, 2017:
- Business Area Networks; Business Area Digital Services; Business Area Managed Services
- Market Area North America; Market Area Europe & Latin America; Market Area Middle East & Africa; Market Area North East Asia; Market Area South East Asia, Oceania & India
Effective April 1, 2017, Ericsson's Executive Team members will be:
President and CEO - Börje Ekholm
Business Area Networks - Fredrik Jejdling, Senior Vice President, currently head of Business Unit Network Services
Business Area Managed Services - Peter Laurin, Senior Vice President, currently head of Region Northern Europe and Central Asia
Business Area Digital Services - Ulf Ewaldsson, Senior Vice President, currently head of Group Function Strategy & Technology
Market Area North America - Rima Qureshi, Senior Vice President, currently head of Region North America
Market Area Europe & Latin America - Arun Bansal, Senior Vice President, currently head of Business Unit Network Products
Market Area Middle East & Africa - Rafiah Ibrahim, Senior Vice President, currently head of Region Middle East
Market Area North East Asia - Chris Houghton, Senior Vice President, currently head of Region North East Asia
South East Asia, Oceania & India - Nunzio Mirtillo, Senior Vice President, currently head of Region Mediterranean
Technology & Emerging Business - Niklas Heuveldop, Senior Vice President, currently head of Group Function Sales
Finance & Common Functions - Carl Mellander, Senior Vice President, currently acting Head of Group Function Finance & Common Functions
Human Resources - MajBritt Arfert, Senior Vice President, currently acting Head of Group Function Human Resources
Marketing & Communications - Helena Norrman, Senior Vice President, currently in same role
Sustainability & Corporate Responsibility - Elaine Weidman Grunewald, Senior Vice President, currently in same role
Legal Affairs - Nina Macpherson, Senior Vice President, currently in same role
Advisor to the CEO - Jan Frykhammar, Executive Vice President currently in same role
Advisor to the CEO - Magnus Mandersson, Executive Vice President, currently in same role
Per Borgklint, Anders Lindblad, Jean-Philippe Poirault and Charlotta Sund will leave the Executive Leadership Team effective April 1, 2017.
Ekholm says:"As we form a new team, I would like to thank those leaving the executive groups. They have contributed to the leadership of Ericsson during important times of change and we appreciate their dedication and perseverance."
FOR FURTHER INFORMATION, PLEASE CONTACT
Ola Rembe, Head of External Communications, Ericsson
Phone: +46 73 02 44 873
Ericsson Corporate Communications
Phone: +46 10 719 69 92
Ericsson Investor Relations
Phone: +46 10 719 00 00
| NOTES TO EDITORS|
For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press
Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.
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
Source(s) : Ericsson
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