Ericsson: Ericsson appoints Ulf Ewaldsson as head of strategy and technology

• Ericsson combines Strategy and Technology functions. Ulf Ewaldsson appointed Chief Strategy and Technology Officer and Head of Group Function Strategy and Technology for the Ericsson Group
• Ulf Ewaldsson currently holds the position as Chief Technology Officer and Head of Group Function Technology
• Current Chief Strategy Officer Rima Qureshi was appointed Head of Region North America, Ericsson's largest region, on July 1, 2016

Effective September 20, 2016, Ulf Ewaldsson is appointed Senior Vice President, Chief Strategy and Technology Officer and Head of Group Function Strategy and Technology at Ericsson (NASDAQ: ERIC). Ewaldsson brings to this position more than 20 years of experience in product management, industry development and customer relationships.

Rima Qureshi was appointed Head of Region North America July 1, 2016, and has since held dual roles. In addition to her role as Head of Region North America, Rima Qureshi will continue to drive the strategic partnership with Cisco.

Both Ewaldsson and Qureshi will continue to be Executive Leadership Team members and report to Ericsson's CEO.

Jan Frykhammar, President and CEO, Ericsson, says: "This move is a natural step as Rima focuses fully on driving the business development and customer relationships in one of the most advanced technology markets in the world. In the rapid technology development and transformation of our industry it makes perfect sense to combine technology strategy and strategy development into one process."

Ulf Ewaldsson graduated with Master's degrees of Science in Engineering and Business Management from Linköping Institute of Technology in Sweden. He started within Ericsson in 1990 and had since held various management positions in the group including Head of Ericsson in different countries and key customer accounts. As part of his previous assignments he has been based in China, Japan, Hong Kong and Hungary.

Notes to editors:

Bio and photos of Ulf Ewaldsson (https://www.ericsson.com/thecompany/corporate_governance/company_management/ulf_ewaldsson)

For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press (http://www.ericsson.com/press)

Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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FOR FURTHER INFORMATION, PLEASE CONTACT

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Ericsson appoints Ulf Ewaldsson as head of strategy and technology (http://hugin.info/1061/R/2043425/762883.pdf)

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Source: Ericsson via Globenewswire