STOCKHOLM -- Ericsson's (NASDAQ:ERIC) Board of Directors has appointed Magnus Mandersson Executive Vice President as of November 1, 2011. Mandersson is currently Senior Vice President and Head of Business Unit Global Services, a position he will remain in.

Magnus Mandersson joined Ericsson in 2004 to run Ericsson's Managed Services business globally and is now head of Ericsson's overall services offering around the world.

Hans Vestberg, President and CEO, says; "Magnus Mandersson plays an important role in driving the continuous development of Ericsson's market leading services offering. Magnus is a leadership team member which adds valuable insights combining strategy and operational experience with his key insights from a mobile operator."

Magnus Mandersson has more than 15 years' experience in the telecom industry as an executive with Ericsson and operator Tele2/Millicom. During his years at Ericsson he has also held the positions as Head of Market Unit Northern Europe, global key account executive for Deutsche Telekom and was in 2009 appointed Senior Vice President and Head of Business Unit CDMA Mobile Systems and became a member of the Executive Leadership Team. Prior to Ericsson, he served as CEO of Tele2 Europe as well as COO for Millicom and held various executive positions within IKEA.

Ericsson AB (Nasdaq: ERIC)