Ericsson: Change in Ericsson’s Group Management Team

Change in Ericsson’s Group Management Team STOCKHOLM, SWEDEN — (MARKET WIRE) — November 24, 2006 — Torbjörn Nilsson, presently head of groupfunction Strategy & ProductManagement, has decided to leave Ericsson. Torbjörn Nilsson willcontinue as a strategic advisor and consultant to the executivemanagement on a 50% basis.

Carl-Henric Svanberg,

CEO and President of Ericsson, said: “TorbjörnNilsson has played an important role during a long period in Ericssonand has contributed largely to the company’s success. We are pleasedthat we can continue to benefit from Torbjörn Nilsson’s vastexperience and deep knowledge of our industry.”

Joakim Westh, head of group function Operational Excellence, willtake over responsibility for strategy.

Ericsson is shaping the future of Mobile and Broadband Internetcommunications through its continuous technology leadership.Providing innovative solutions in more than 140 countries, Ericssonis helping to create the most powerful communication companies in theworld.

Read more at: http://www.ericsson.com

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