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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 Cloud & IP
  • Both appointments effective July 1, 2014

STOCKHOLM, Sweden, May 19, 2014 (GLOBE NEWSWIRE) -- 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 opportunities."

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 solutions."

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 separately.

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

NOTES TO EDITORS

Download high-resolution photos and broadcast-quality video at www.ericsson.com/press

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

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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

Photo of Arun Bansal http://hugin.info/1061/R/1786754/613263.jpg
Photo of Anders Lindblad http://hugin.info/1061/R/1786754/613264.jpg
Ericsson appoints heads of newly announced Business Units http://hugin.info/1061/R/1786754/613318.pdf
Bio - Arun Bansal http://hugin.info/1061/R/1786754/613319.pdf
Bio - Anders Lindblad http://hugin.info/1061/R/1786754/613335.pdf

HUG#1786754

Source:Ericsson