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Ericsson: Ericsson appoints Ulf Ewaldsson new CTO

STOCKHOLM, SWEDEN — (Marketwire) — 01/20/12 —

· Effective February 1, 2012

· Member of Ericsson-s Executive Leadership Team

· Ewaldsson will continue R&D focus on wireless and IP

Ulf Ewaldsson is appointed Senior Vice President, Chief Technology Officer,
Head
of Group Function Technology & Portfolio Management at Ericsson (NASDAQ: ERIC),
effective from February 1. Ewaldsson brings to this position more than 20
years
of experience in product management, industry development and customer
relationship.

Ulf Ewaldsson is currently Head of Product Area Radio within Ericsson-s
Business
Unit Networks and a member of Ericsson-s research board. In this position he
has
been instrumental in defining the creation of some of the products that
reflect
Ericsson-s technology leadership such as HSPA and LTE in the Radio Access
Network (RAN), the multi-standard radio base station RBS6000 and the Antenna
Integrated Radio Unit: AIR.

Hans Vestberg, President and CEO, Ericsson, says: “Ulf has spent more than 20
years in positions that have taken him very close to our customers and the
development of the telecommunications industry. I am happy that he can now
bring
his vast experience from different markets and customers to lead our
technology
function in the shaping of the Networked Society, where everything that
benefits
from a connection will be connected.”

Ulf Ewaldsson says: “Ericsson has the industry leading research organization
with a strong focus in the wireless area and the IP and application domain as
well as being the industry driver and leader in open standardization and
industry forums. I look forward to join this team and lead its continuous
success.”

Ulf Ewaldsson graduated with Master-s degrees of Science in Engineering and
Business Management from Linköping Institute of Technology in Sweden. He
started
within Ericsson in 1990 and had since held various management positions in the
group including Head of Ericsson in different countries and key customer
accounts. As part of his assignments he has been based in China, Japan, Hong
Kong and Hungary.

Ulf Ewaldsson will be a member of Ericsson-s Executive Leadership team and
will
be based in Stockholm, Sweden. Therefore he will not take on the role as Head
of
Ericsson Silicon Valley, which Håkan Eriksson also had.

Hans Vestberg underlines the continued importance of the Silicon Valley
operations:

“Ericsson continues to have a strong commitment to our operations in Silicon
Valley. Our operation in San Jose remains the center of our IP business – We
will continue to drive the convergence of fixed, mobile and Internet from
Silicon Valley and focus on strengthening partnerships in the areas of both
hardware and software, Internet applications as well as in the PC industry”,
he
concludes.

Notes to editors:

Bio and photos of Ulf Ewaldsson

Ericsson-s multimedia content is available at the broadcast room:

Ericsson is the world-s leading provider of technology and services to telecom
operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and
provides support for networks with over 2 billion subscribers and has the
leading position in managed services. The company-s portfolio comprises mobile
and fixed network infrastructure, telecom services, software, broadband and
multimedia solutions for operators, enterprises and the media industry. The
Sony
Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich
personal mobile devices.

Ericsson is advancing its vision of being the “prime driver in an
all-communicating world” through innovation, technology, and sustainable
business
solutions. Working in 180 countries, more than 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York

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 January 20, 2012 at 8:00 am.

Press release in PDF:

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and
other applicable laws; and

(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ericsson via Thomson Reuters ONE

[HUG#1578933]

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:

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