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Ericsson CTO takes on new role

STOCKHOLM, SWEDEN — (Marketwire) — 12/12/11 —

* Håkan Eriksson takes on new role as Head of Ericsson in Australia,
New
Zealand and Fiji, effective February 1, 2012

* Håkan Eriksson has been key in the company-s work to establish
market
leadership in 3G and 4G/LTE

* New CTO will be announced separately

Ericsson (NASDAQ: ERIC) today announced that Håkan Eriksson, Senior
Vice
President, Chief Technology Officer, Head of Group Function Technology &
Portfolio Management and Head of Ericsson in Silicon Valley, will take on a
new
role as head of Ericsson-s business in Australia, New Zealand and Fiji.

Appointed Group CTO in 2003, Håkan Eriksson has been instrumental in
building
Ericsson-s technology leadership across many technology standards. During
his
25 years in the company Håkan Eriksson has been driving the industry
development
and under his leadership the research organization has made significant
accomplishments, mainly in the wireless area, but lately also in the IP and
Application domain, and built the industry-s strongest patent portfolio.

Hans Vestberg, President and CEO of Ericsson said: “Håkan-s work is
one of the
reasons why our company, year out and year in and across technologies,
remains a
technology leader. I am happy that he can now also bring his considerable
experience directly to our customers in the very technologically advanced
Australian and New Zealand markets, and add experience also in this
dimension.”

“I have spent the last 25 years in Ericsson within the research &
development
organization and the last nine of those as CTO. When I took the job as CTO,
the
debate was whether 3G would ever appeal to the mass market.” Håkan
Eriksson
said. “Today, mobile broadband has become a necessity to billions of
people.
Although the CTO role has always meant staying very close to our customers,
I
now look forward to more directly support our customers in monetizing their
networks in a world where technology and networks become increasingly more
complex.”

As head of Ericsson Silicon Valley, Håkan Eriksson has also
contributed to
firmly establishing Ericsson on the important US market, as well as well
building a stronger relation with the Application development eco system in
the
area.

With an Australian wife Håkan Eriksson is no stranger to the country.
“I have
had a desire to move into a more commercial role, and for personal reasons
to
come closer to Australia. When Hans offered me this opportunity, that
coincide
with my term in Silicon Valley coming to an end, I jumped at the chance to
work
with the technology advanced operators in these countries and become part
of the
strong regional Ericsson team”, said Håkan Eriksson.

The new appointment will be effective as of February 1, 2012 at which time
Håkan
Eriksson will also leave Ericsson-s Executive Leadership Team. The
appointment
of a new CTO will be announced separately.
Håkan Eriksson-s bio and photo can be found here

NOTES TO EDITORS:

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 December 12, 2011 at 07:30 CET.

Ericsson CTO takes on new role (pdf):

Håkan Eriksson – photo:

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(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.

[HUG#1570478]

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