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Board members

Board members elected by the Annual General Meeting of shareholders 2019.

  

Ronnie Leten

Ronnie Leten (first elected 2018)

Chair of the Board of Directors, Chair of the Finance Committee, Member of the Remuneration CommitteeBorn 1956. Master of Science in Applied Economics, University of Hasselt, Belgium.
Nationality: Belgium
Board Chair: Epiroc AB and Piab
Board Member: AB SKF
Holdings in Ericsson: 100,000 Class B shares1, 128,452 call options2 and 30,969 synthetic shares3.

Principal work experience and other information: President and CEO of Atlas Copco AB 2009–2017 and various leadership positions within the Atlas Copco Group 1997–2009 and 1985–1995. Previous positions include plant manager of Tenneco Automotive Inc, Belgium, 1995–1997 and various positions within General Biscuits 1979–1985.

Helena Stjernholm

Helena Stjernholm (first elected 2016)

Deputy Chair of the Board of Directors, Member of the Finance Committee
Born 1970. Master of Business Administration, Stockholm School of Economics, Sweden.
Nationality: Sweden
Board Member: AB Industrivärden, AB Volvo and Sandvik AB.
Holdings in Ericsson: 20,060 Class B shares1, and 27,277 synthetic shares2.

Principal work experience and other information: President and CEO of AB Industrivärden since 2015. Partner in the private equity firm IK Investment Partners (2008-2015), with responsibility for the Stockholm office from 2011 to 2015. Investment Manager at IK Investment Partners (1998-2008). Previous experience as consultant for Bain & Company (1997-1998).

Jacob Wallenberg

Jacob Wallenberg (first elected 2011)

Deputy Chair of the Board of Directors, Member of the Finance Committee
Born 1956. Bachelor of Science in Economics and Master of Business Administration, Wharton School, University of Pennsylvania, USA. Officer of the Reserve, Swedish Navy.
Nationality: Sweden
Board Chair: Investor AB.
Deputy Board Chair: ABB Ltd., FAM and Patricia Industries.
Board Member: The Knut and Alice Wallenberg Foundation and Nasdaq Inc.
Holdings in Ericsson: 427,703 Class B shares1, and 36,699 synthetic shares3.

Principal work experience and other information: Chair of the Board of Investor AB since 2005. President and CEO of SEB in 1997 and Chair of SEB’s Board of Directors 1998–2005. Executive Vice President and CFO of Investor AB 1990–1993. Honorary Chair of IBLAC (Mayor of Shanghai’s International Business Leaders Advisory Council) and member of the steering committee of the European Round Table of Industrialists, Deputy Chair of the Swedish-American Chamber of Commerce US, member of the International Advisory Board of the Atlantic Council, Washington DC, member of the International Business Council of the World Economic Forum, Trilateral Commission and the Advisory Board of Tsinghua University.

Jon Fredrik Baksaas

Jon Fredrik Baksaas (first elected 2017)

Chair of the Remuneration Committee
Born 1954. Master of Science in Economics, NHH Norwegian School of Economics & Business Administration, Norway.
Nationality: Norway
Board Chair: Statnett SA.
Board Member: Svenska Handelsbanken AB and Cloudberry Capital AS.
Holdings in Ericsson: 24,277 synthetic shares3.

Principal work experience and other information: President and CEO of Telenor (2002-2015). Previous positions within the Telenor Group since 1989, including deputy CEO, Chief Financial Officer and CEO of TBK AS. Previous positions include CFO of Aker AS, finance director of Stolt Nielsen Seaway AS and controller at Det Norske Veritas, Norway and Japan. Member of the GSMA Board (2008-2016) and Chair of the GSMA Board (2014-2016).

Jan Carlson

Jan Carlson (first elected 2017)

Member of the Audit and Compliance Committee and the Technology and Science Committee
Born 1960. Master of Science degree in Engineering Physics and Electrical Engineering, the University of Linköping, Sweden.
Nationality: Sweden
Board Chair: Autoliv Inc. and Veoneer Inc. 
Board Member: BorgWarner Inc.
Holdings in Ericsson: 7,900 Class B Shares1 and 24,277 synthetic shares3.

Principal work experience and other information: Chair and President and CEO of Veoneer Inc. since June 2018. President and CEO of Autoliv Inc. 2007-2018 and Chair of Autoliv Inc. since 2014. Previous positions within the Autoliv Group since 1999, including President Autoliv Europe, Vice President Engineering of Autoliv and President Autoliv Electronics. Previous positions include President of Saab Combitech and of Swedish Gate Array.

Nora Denzel

Nora Denzel (first elected 2013)

Member of the Audit and Compliance Committee and the Technology and Science Committee
Born 1962. Master of Business Administration, Santa Clara University, USA. Bachelor of Science in Computer Science, State University of New York, USA.
Nationality: USA
Board Member: Advanced Micro Devices, Inc., Talend Inc., and Talend SA.
Holdings in Ericsson: 3,850 ADS1, and 10,604 synthetic shares3.

Principal work experience and other information: CEO (interim) of Outerwall Inc. (January 2015 - August 2015). Senior Vice President Big Data, Marketing and Social Product Design and General Manager QuickBooks Payroll Division (2008 – 2012). Previous positions include Senior Vice President and General Manager of HP’s Global Software, Storage and Consulting Divisions (2000-2006), Senior Vice President Product Operations Legato Systems (bought by EMC) and various engineering, marketing and executive positions at IBM. Non-Profit board member of the Anita Borg Institute and the Northern California Chapter of the National Association of Corporate Directors (NACD). Industrial Advisor to the Private Equity Firm EQT.

Börje Ekholm

Börje Ekholm (first elected 2006)

President, CEO and Member of the Board
Born 1963. Master of Science in Electrical Engineering, KTH Royal Institute of Technology, Stockholm, Sweden. Master of Business Administration, INSEAD, France.
Nationality: Sweden and USA
Board Member: Alibaba Inc.
Holdings in Ericsson: 21,760 Class B shares1 and 1,009,000 ADS1, 15,860 synthetic shares3, and 2,000,000 call options4.

Principal work experience and other information: President and CEO of Telefonaktiebolaget LM Ericsson since 2017. CEO of Patricia Industries, a division within Investor AB (2015–January 15, 2017). President and CEO of Investor AB (2005–2015). Formerly Head of Investor Growth Capital Inc. and New Investments. Previous positions at Novare Kapital AB and McKinsey & Co Inc. Member of the Board of Trustees of Choate Rosemary Hall. Holds honorary Doctorate at KTH Royal Institute of Technology, Sweden. Since 2017, member of the Steering Committee of the World Economic Forum Digital Communication Governors and a member of the Broadband Commission for Sustainable Development.

Eric A. Elzvik

Eric A. Elzvik (first elected 2017)

Chair of the Audit and Compliance Committee
Born 1960. Master of Business Administration, Stockholm School of Economics, Sweden.
Nationality: Sweden and Switzerland
Board Chair: IP-Only Group
Board Member: Fenix Marine Services, Landis+Gyr Group AG, AB Volvo and VFS Global.
Holdings in Ericsson: 10,000 Class B shares1 and 8,091 synthetic shares3

Principal work experience and other information: Chief Financial Officer and member of the Group Executive Committee of ABB Ltd (2013–2017). Division CFO ABB Discrete Automation & Motion (2010–2012) and division CFO Automation Products Division (2006– 2010). Previous positions within the ABB Group since 1984, including senior management positions within finance, mergers & acquisitions and new ventures. Currently, industrial advisor to private equity.

Kurt Jofs

Kurt Jofs (first elected 2018)

Member of the Remuneration Committee and the Technology and Science Committee
Born 1958. Master of Science in Engineering, Royal Institute of Technology, Stockholm, Sweden.
Nationality: Sweden
Board Chair: Tieto Corporation and Vesper Group.
Board Member: FeAl AB, Höganäs AB and Silver Resorts AB.
Holdings in Ericsson: 50,000 Class B shares1 and 11,285 synthetic shares3.

Principal work experience and other information: Entrepreneur and investor with extensive experience in various industries. Previous positions include Executive Vice President and responsible for Ericsson’s Networks business 2003–2008, CEO of Segerström & Svensson 1999–2001, CEO of Linjebuss 1996–1999, and various positions within ABB and Ericsson.

Kristin S. Rinne

Kristin S. Rinne (first elected 2016)

Chair of the Technology and Science Committee
Born 1954. Bachelor of Arts, Washburn University, USA.
Nationality: USA
Board Member: Synchronoss
Holdings in Ericsson: 19,817 synthetic shares3.

Principal work experience and other information: Previously Senior Vice President, Network Technology, Network Architecture & Planning, at AT&T (2007–2014). CTO of Cingular Wireless (2005–2007) and VP Technology & New Product Development of Cingular Wireless (2000–2005). Previous positions within Southwestern Bell and SBC (1976–2000). Non-profit Board member of Washburn University Foundation and Wycliffe Associates. Member of the Advisory Board of Link Labs.

Board members and deputies appointed by the unions 2018

Torbjörn Nyman

Torbjörn Nyman (first appointed 2017)

Employee representative, Member of the Audit and Compliance Committee
Born 1961. Appointed by LO, the Swedish Trade Union Confederation.
Nationality: Sweden
Holdings in Ericsson: 30,219 Class B shares1.

Employed since 1996. Working as ICT Strategic Product Manager within Business Area Networks.

Kjell-Åke Soting

Kjell-Åke Soting (first appointed 2016)

Employee representative, Member of the Remuneration Committee
Born 1963. Appointed by PTK.
Nationality: Sweden
Holdings in Ericsson: 7,350 Class B shares1.

Employed since 1996. Working as Global SQA Manager within Business Area Networks.

Roger Svensson

Roger Svensson (first appointed 2011)

Employee representative, Member of the Finance Committee and of the Technology and Science Committee
Born 1971. Appointed by PTK.
Nationality: Sweden
Holdings in Ericsson: 12,857 Class B shares1.

Employed since 1999. Working as Global Process Architect for Test within Business Area Networks.

Per Holmberg

Per Holmberg (first appointed 2018)

Employee representative - Deputy
Born 1966. Appointed by LO, the Swedish Trade Union Confederation.
Nationality: Sweden
Holdings in Ericsson: None1

Employed since 1996. Working as Product Development Leader within Business Area Networks.

Anders Ripa

Anders Ripa (first appointed 2017)

Employee representative - Deputy
Born 1962. Appointed by PTK.
Nationality: Sweden

Holdings in Ericsson: 1,954 Class B shares and 608 Class A shares1.
Employed since 1998. Working as Security Solution Manager for Mission Critical and Private Networks within Business Area Networks.

Loredana Roslund

Loredana Roslund (first appointed 2017)

Employee representative - Deputy
Born 1967. Appointed by PTK.
Nationality: Sweden

Holdings in Ericsson: 1,637 Class B shares1.
Employed since 1994. Working as Project Manager within R&D, Business Area Networks.


  1. The Ericsson holdings reported above reflect the holdings as of February 20, 2019 or, for the Board members appointed by the unions (including deputies), as of December 31, 2018, and includes holdings by related persons, if applicable. For information on transactions made since the above mentioned dates, please refer to the website of the Swedish Financial Supervisory Authority.
  2. Call options issued by Investor AB entitling to purchase Ericsson Class B shares.
  3. Since 2008, the AGM has each year resolved that part of the Board fee may be received in the form of synthetic shares. A synthetic share is a right to receive in the future a payment corresponding to the value of the Class B share in Ericsson at the time of payment.
  4. Call options issued by AB Industrivärden (1,000,000 call options) and Investor AB (1,000,000 call options), each entitling the purchase of one Ericsson B share from AB Industrivärden/Investor AB respectively.