Ericsson announces changes to the Executive Team and to the Market Area structure

Core Insights - Ericsson announces changes to its Executive Team and global operating structure to enhance efficiency and customer focus [1][5] - The company is consolidating its regional structure, creating two new market areas from three existing ones [5][8] Executive Team Changes - Per Narvinger, previously head of Cloud Software and Services, is appointed Executive Vice President and will lead the Business Area Networks starting March 15, 2025 [2][8] - Jenny Lindqvist, currently managing Europe and Latin America, will take over as Head of Cloud Software and Services [3][8] - Fredrik Jejdling, the long-serving head of Networks, will step down on March 15, 2025, and remain as an executive advisor until June 30, 2025 [6][8] Market Area Restructuring - The three impacted Market Areas are Europe & Latin America, North America, and Middle East & Africa, which will be consolidated into two new areas: Market Area Americas and Market Area Europe, Middle East & Africa [5][8] - Yossi Cohen will head Market Area Americas, while Patrick Johansson will lead Market Area Europe, Middle East & Africa [5][8] Leadership Commentary - Börje Ekholm, President and CEO, expresses confidence in the new appointments, highlighting the leadership qualities of Per Narvinger and Jenny Lindqvist [4][7] - Ekholm emphasizes the importance of improving customer experience and operational efficiencies through the new structure [5][7]