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2014-04-14

Ericsson: Ericsson announces change in Executive leadership team

* Douglas Gilstrap, Senior Vice President and Global Head of Strategy, will
resign from his role, effective August 1, 2014, and leave Ericsson's
Executive Leadership Team
* Gilstrap has been key to developing Ericsson's global business strategy
over the past five years and instrumental to the company's business
development and mergers&acquisitions activities
* The process to find a new Head of Strategy for the Ericsson Group will
start immediately

Ericsson (NASDAQ:ERIC) today announced that Douglas Gilstrap will resign from
his role as Senior Vice President and Head of Group Function Strategy and
leave Ericsson's Executive Leadership Team. Gilstrap joined Ericsson in this
role in 2009 and has been responsible for developing Ericsson's business
strategy and driving the company's M&A activities during this time. He has
also played a key role in dissolving the ST-Ericsson joint venture and
integrating the thin modems business into Ericsson; since 2013 he also serves
as Chairman of Business Unit Modems.

Hans Vestberg, CEO and President of Ericsson, said: "Douglas has been
instrumental in shaping Ericsson's strategy with his broad industry
knowledge, business development and transactional skills during the five
years that he has been with the company. He has played a leading role in all
M&A and key commercial activities during these years, strengthening
Ericsson's position across all business segments."

Douglas Gilstrap said: "I am very proud of the work that we have done at
Ericsson and how the company has strengthened its position in this
transforming and dynamic market."

NOTES TO EDITORS

Link to Douglas Gilstrap photo and bio foundhere.

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 fulfil 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 more than 110,000 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 2013 were SEK 227.8 billion (USD 34.9 billion). Ericsson is listed on
NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

www.ericsson.com

www.ericsson.com/news

www.twitter.com/ericssonpress

www.facebook.com/ericsson

www.youtube.com/ericsson

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail:media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations@ericsson.com

Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on April 14, 2014 at 13:30 CET.

Ericsson announces change in Executive leadership team
http://hugin.info/1061/R/1777165/606495.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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

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