Bjoern Olsson, Executive Vice President of Ericsson, to pursue opportunities outside Ericsson

STOCKHOLM, SWEDEN, Jul 23 (MARKET WIRE) --

Bjoern Olsson, Executive Vice President of Ericsson (NASDAQ: ERIC) and
deputy head of Business Unit Network, has decided to pursue opportunities
outside Ericsson and will leave the company at year-end.

"Bjoern Olsson has been with Ericsson for more than 25 years and he has
held many key management positions within the company. I respect that he
has decided to pursue opportunities outside Ericsson. During his career
within Ericsson, he has contributed with his vast experience in a highly
appreciated way" says Carl-Henric Svanberg, President and CEO of Ericsson.

Bjoern Olsson was Executive Vice President and head of Business Unit
Systems 2004-2007. Prior to that he was Chief Information Officer
2002-2003 and between 2001-2002 he was Vice President and General Manager
of Business Unit Transmission and Transport Networks. He has also held
the positions among others, as head of Business Unit TDMA Systems and
head of Ericsson Denmark. He has been a member of the Group Management
Team since 2003.

Notes to editors: Link to Bjoern Olsson's bio and photo
http://www.ericsson.com/ericsson/corpinfo/management/bjorn_olsson.shtml

Ericsson's standard multimedia content is available at the broadcast
room: www.ericsson.com/broadcast_room

Ericsson is the world's leading provider of technology and services to
telecom operators. The market leader in 2G and 3G mobile technologies,
Ericsson supplies communications services and manages networks that serve
more than 195 million subscribers. The company's portfolio comprises
mobile and fixed network infrastructure, and broadband and multimedia
solutions for operators, enterprises and developers. The Sony Ericsson
joint venture provides consumers with feature-rich personal mobile
devices.

Ericsson is advancing its vision of 'communication for all' through
innovation, technology, and sustainable business solutions. Working in
175 countries, more than 70,000 employees generated revenue of USD 27.9
billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in
Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm
and NASDAQ.

For more information, visit www.ericsson.com or www.ericsson.mobi.

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Media Relations
Phone: +46 8 719 69 92
E-mail: press.relations@ericsson.com

Press release PDF: http://hugin.info/1061/R/1237862/264621.pdf

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