Ericsson's Vestberg steps down - search for new CEO initiated - Seite 2

Johansson says: "Jan has made it clear that he is not aspiring to permanently take on the CEO role. However, I am very pleased that he has accepted this assignment. Jan will secure continued strong execution and leadership in the current situation."

Carl Mellander, currently VP & Group Treasurer, is appointed acting CFO with immediate effect.

Hans Vestberg will be available to support the Board and management during his term of notice of six months.

NOTES TO EDITORS

PRESS BRIEFING AND LIVE AUDIOCAST

Ericsson will hold a press briefing, which will also be available via a live audiocast, starting at 10:00 AM CEST / 4:00 AM EDT on Monday 25 July, 2016 at Ericsson Headquarters, Torshamnsgatan 21, Kista, Sweden.

Chairman of the Board Leif Johansson and incoming CEO, Jan Frykhammar, will comment and answer questions. The press briefing is open to journalists and analysts.

You can follow the press briefing and ask questions via the live audiocast at: www.ericsson.com/investors and at: www.ericsson.com/press.

The replay will be available shortly after the event, via the same link.

Direct URL for the audiocast: http://edge.media-server.com/m/p/6q2y6pyx

Biography Jan Frykhammar

Photo Jan Frykhammar

For media kits, backgrounders and high-resolution photos, please visit www.ericsson.com/press

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