LM ERICSSON TELEPHONE CO ADS
			Symbol			ERIC

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Ericsson's CTO to spearhead rapidly growing IP business

2009-11-05 02:09 ET - News Release

STOCKHOLM, SWEDEN -- (MARKET WIRE) -- 11/05/09

Ericsson's (NASDAQ: ERIC) in-coming President and CEO has appointed its CTO Håkan Eriksson to head Ericsson in Silicon Valley, the center of the company's important IP business. Håkan Eriksson will lead the work to further enhance Ericsson's global position when fixed, mobile and internet converge.

Over the past few years Ericsson has further strengthened its position in IP and broadband by acquiring leading IP companies, headquartered in Silicon Valley. Håkan Eriksson will succeed Bert Nordberg, newly appointed President of Sony Ericsson, who has headed the successful integration of these companies.

Hans Vestberg, in-coming President and CEO says: "Håkan Eriksson is the telecom industry's leading CTO and his experience as well as managerial skills will secure our continued transformation to an IP-based company."

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