STOCKHOLM, April 17, 2023 /PRNewswire/ -- Ericsson (NASDAQ:
ERIC) today announced that Carl
Mellander, the Company's Chief Financial Officer, will step
down at the end of the first quarter 2024. Mr. Mellander has been
with Ericsson for over 25 years and has been a member of its
Executive Team since 2016. A recruitment process will be initiated
to appoint a successor.
Börje Ekholm, President and CEO, comments: "For almost 7 years
Carl has been a valued member of the Executive Team and
instrumental in the turnaround of Ericsson. We have come to a
mutual agreement that this is a good time for a change, as the
turnaround phase is completed and the foundation for the next
chapter of Ericsson's strategy has been laid. During his tenure as
CFO, Ericsson regained its technology leadership and significantly
strengthened its financial position. With his dedicated leadership
and broad background in Ericsson and other companies, Carl has
successfully built Ericsson's finance function and been an integral
part in closing key strategic acquisitions as well as enhancing our
compliance program. I wish him all the best in his future ventures.
I am happy he will stay on in the role until the end of Q1 2024,
which allows for finding and ensuring a smooth handover to a
successor."
Carl Mellander comments: "It has
been an incredible privilege to serve as Ericsson's CFO during
these soon 7 years and to work with such an extraordinary group of
people. I am deeply proud of the work we have done in transforming
the Company; Ericsson is well positioned globally to continue
building on its industry-leading position and to expand into
enterprise. If there was ever a good time for me to move on to new
career adventures, I feel that this moment is it, and I am excited
about what the future might bring. Meanwhile I will continue in
full capacity as CFO during this period. I will always follow
Ericsson with passion and pride as it keeps transforming
society."
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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com (+46 10 719 69 92)
investor.relations@ericsson.com (+46 10 719 00 00)
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
The following files are available for download:
https://mb.cision.com/Main/15448/3751961/1989180.pdf
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Ericsson announces CFO
transition
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