Ericsson named Per-Arne Sandstrom as its new Executive Vice President and Deputy CEO. Karl-Henrik Sundstrom was appointed Chief Financial Officer and Executive Vice President. Sandstrom and Sundstrom will together with Ericsson's new President and CEO Carl-Henric Svanberg form the new Executive Management Team for the Ericsson Group. Sandstrom has 15 years of experience from Ericsson including the position as President of Market Area North America and as Head of former Business Unit GSM Systems. Sundstrom has 18 years of experience from different leading capacities within Ericsson, most recently as Vice President and General Manager Business Unit Global Services.
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- In February 2003, Ericsson appointed Carl-Henric Svanberg as its new President and CEO, replacing Kurt Hellström. Svanberg previously served as CEO for Assa Abloy, an international manufacturer of locks for a variety of industries.
