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Ericsson: Ericsson appoints heads of newly announced Business Units

* Arun Bansal appointed Senior Vice President and Head of Business Unit Radio

* Anders Lindblad appointed Senior Vice President and Head of Business Unit
* Both appointments effective July 1, 2014

Ericsson (NASDAQ:ERIC) today appointed heads of the recently announced new
business units, business unit Radio and business unit Cloud&IP. The two units
are formed by a split of the current business unit Networks in a move to
accelerate transformation and support growth.

Both Bansal and Lindblad are tested leaders with long and solid technical and
business experience and extensive experience from key markets. Arun Bansal,
currently Head of Ericsson's region South East Asia&Oceania, is appointed
Senior Vice President and Head of Business Unit Radio. Bansal has
successfully applied his skills in technology and business across a number of
markets and functions during his close to 20 years in Ericsson.

Anders Lindblad, currently Head of Ericsson's region Middle East, is appointed
Senior Vice President and Head of Business Unit Cloud&IP. In his
international career Lindblad has held a variety of positions in business
development and commercial operation across countries and regions during his
17 years with Ericsson.

Hans Vestberg, President and CEO of Ericsson, said, "Both Arun and Anders are
strong leaders with experience from large organizations. They have been
successful in driving growth in very competitive environments. We are
committed to maintain our leadership in radio technology while also building
a strong position in the cloud and IP space as the market evolves to 5G. I am
confident they have the right backgrounds and experience to lead the two new
business units with their different business logics and growth

Arun Bansal said, "I look forward to ensure that our radio portfolio continues
to provide a competitive advantage in all market conditions. We will continue
to provide customers around the world with high performance technology and

Anders Lindblad said, "Virtualization and cloud will fundamentally change the
networks and ultimately the industry. Our leading position in core networks
will enable us to also become a significant player in cloud and IP. I am
excited to get the opportunity to lead this strategically important work in a
transforming market."

Arun Bansal and Anders Lindblad will remain members of Ericsson's Global
Leadership Team. Successors to them in their current roles will be announced

The two new organizations will be effective on July 1, 2014 with the BU
Management team and organizational structure in place.

NOTES TO EDITORSDownload high-resolution photos and broadcast-quality video

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

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 227.4 billion (USD 34.9 billion). Ericsson is listed on
NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

Phone: +46 10 719 69 92

Ericsson Investor Relations
Phone: +46 10 719 00 00

Photo of Anders Lindblad
Bio - Anders Lindblad
Bio - Arun Bansal
Ericsson appoints heads of newly announced Business Units
Photo of Arun Bansal


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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