Ericsson Appoints VP

Ericsson appoints Kurt Jofs as VP of its Access unit, Bert Nordberg as VP of sales and marketing, and Björn Olsson as head of its Systems business unit

April 6, 2004

1 Min Read

STOCKHOLM -- The Ericsson board of directors has appointed Kurt Jofs, Bert Nordberg and Björn Olsson as executive vice presidents, effective as of today.Kurt Jofs is head of business unit Access, Bert Nordberg is head of sales and marketing and Björn Olsson is head of business unit Systems.Karl-Henrik Sundström assumed the position as Executive Vice President and Chief Financial Officer on April 8, 2003.

With the successful completion of the restructuring programs Per-Arne Sandström, First Executive Vice President and Deputy CEO, has decided to retire as of June 30, 2004. Per-Arne Sandström has been the driver of the restructuring of Ericsson.

"Per-Arne Sandström has played a crucial role in the restructuring of Ericsson," said Carl-Henric Svanberg, president and CEO of Ericsson. "We have achieved savings of SEK 0.5 billion per week for one hundred weeks while at least maintaining our market share as well as rolling out cutting-edge 3G technology. This is a fantastic achievement which we would probably never have been able to accomplish without Per-Arne Sandström's perseverance, professionalism and devotion to Ericsson and the telecom industry."

LM Ericsson

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