9-24-13 2:52 AM EDT | Email Article

STOCKHOLM, Sweden, Sept. 24, 2013 (GLOBE NEWSWIRE) --

  * Effective October 1, 2013 Anders Thulin is appointed Senior Vice President
    Business Excellence and CIO.
  * Anders Thulin will report to Ericsson President and CEO and be a member of
    the Ericsson Leadership Team.
  * Ericsson today also announced the formation of a new unit, Group Function
    Business Excellence & Common Functions.

Ericsson (NASDAQ:ERIC) today announced the appointment of Anders Thulin as
Senior Vice President Business Excellence and CIO for the Ericsson Group. Anders
Thulin will report to Ericsson President and CEO Hans Vestberg and be a member
of the Ericsson Leadership Team. As of October 1, 2013 Thulin will head the
newly formed unit, Group Function Business Excellence & Common Functions.

Hans Vestberg, says: "The world, our customers, the industry and Ericsson are
all going through a transformation.  We have improved our strategy execution in
recent years, and now it is time to take a next step to become even better. With
a strong background and knowledge in the high-tech, IT and telecom industries,
Anders Thulin will further strengthen our strategy execution and governance
capabilities. In his position as CIO, he will ensure that we implement global
scale improvements across the company creating efficiency gains. He will work to
leverage our global mobile enterprise services and capabilities which will also
be beneficial for our customers."

As a senior partner at McKinsey & Company, a world leading management consulting
firm, Thulin has gained more than 20 years of experience in implementing
business excellence across diverse industries, including high-tech, IT and
telecom. He holds a degree in Economics and Business Administration from
Stockholm School of Economics, including MBA studies at the Western University,
Ivey Business School.

Anders Thulin says: "The IT- and telecom market is transforming and so is
Ericsson as a company. We are placing an even stronger focus on profitable
growth through business excellence and delivering global scale ICT services. I
think this is a fantastic opportunity to be a part of this journey with
Ericsson."

The new Group Function Business Excellence & Common Functions will also
incorporate IT, Shared Services, Real Estate and Process & Information.

NOTES TO EDITORS

Anders Thulin's biography and photos

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

Ericsson is a world-leading provider of communications technology and services.
We are enabling the Networked Society with efficient real-time solutions that
allow us all to study, work and live our lives more freely, in sustainable
societies around the world.

Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
40 percent of the world's mobile traffic goes through Ericsson networks and we
support customers' networks servicing more than 2.5 billion subscriptions.

We are more than 110,000 people working with customers in more than 180
countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In
2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.

www.ericsson.com
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericsson

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
Email: media.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 10 719 00 00
Email: investor.relations@ericsson.com

Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on September 24, 2013 at 08:45 CET.


Ericsson appoints Senior Vice President Business Excellence and CIO: http://hugin.info/1061/R/1731018/578627.pdf

[HUG#1731018]

GlobeNewswire, Inc. 2013
Add a Comment

News   More...

Securities related to this article
LM Ericsson Telephone Company ADR Class B View eric Stock Quote
LM Ericsson Telephone Company ADR View eric Stock Quote
 
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - Ericsson appoints Senior Vice President Business Excellence and CIO
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: Ericsson announces key collaborations to improve city life  |  Next: Ericsson Buys Azuki Systems for Undisclosed Sum