The Ericsson board of directors has appointed Kurt Jofs, Bert Nordberg and Björn Olsson as executive vice presidents, effective as of today. Kurt Jofs is head of business unit Access, Bert Nordberg is head of sales and marketing and Björn Olsson is head of business unit Systems. Karl-Henrik Sundström assumed the position as Executive Vice President and Chief Financial Officer on April 8, 2003.

With the successful completion of the restructuring programs Per-Arne Sandström, First Executive Vice President and Deputy CEO, has decided to retire as of June 30, 2004. Per-Arne Sandström has been the driver of the restructuring of Ericsson.


"Per-Arne Sandström has played a crucial role in the restructuring of Ericsson," said Carl-Henric Svanberg, president and CEO of Ericsson. "We have achieved savings of SEK 0.5 billion per week for one hundred weeks while at least maintaining our market share as well as rolling out cutting-edge 3G technology. This is a fantastic achievement which we would probably never have been able to accomplish without Per-Arne Sandström's perseverance, professionalism and devotion to Ericsson and the telecom industry."


Per-Arne Sandström was born in 1947 and joined Ericsson in 1988. He has held various positions within Ericsson such as Head of Business Unit GSM Systems and President of Ericsson Inc. Per-Arne Sandström assumed the position as Chief Operating Officer on September 1, 2001, and as First Executive Vice President and Deputy CEO on April 8, 2003.


As of June 30, 2004, the Ericsson group management team will consist of:


Carl-Henric Svanberg, President and Chief Executive Officer
Karl-Henrik Sundström, Executive Vice President and Chief Financial Officer
Kurt Jofs, Executive Vice President and General Manager, Business Unit Access
Bert Nordberg, Executive Vice President, Sales and Marketing
Björn Olsson, Executive Vice President and General Manager, Business Unit Systems
Mats Granryd, Senior Vice President and General Manager, Business Unit CDMA
Hans Vestberg, Senior Vice President and General Manager, Business Unit Global Services
Håkan Eriksson, Senior Vice President and General Manager, Research and Development, and Chief Technology Officer
Per Tjernberg, Chief Information Officer and Senior Vice President, IS/IT & Sourcing
Carl Olof Blomqvist, Senior Vice President, Legal Affairs
Marita Hellberg, Senior Vice President, Human Resources and Organization
Torbjörn Nilsson, Senior Vice President, Strategy and Product Management
Henry Sténson, Senior Vice President, Communications