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Telefonaktiebolaget LM Ericsson (ERIC.OQ)

ERIC.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

Ronnie Leten

64 2018 Chairman of the Board

E. Borje Ekholm

57 2017 President, Chief Executive Officer, Director

Helena Stjernholm

50 2016 Deputy Chairman of the Board

Jacob Wallenberg

64 2011 Deputy Chairman of the Board

Carl Mellander

56 2017 Senior Vice President, Chief Financial Officer and Head of Group Function Finance and Common Functions

MajBritt Arfert

57 2017 Senior Vice President, Chief Human Resources Officer and Head of Group Function People

Fredrik Jejdling

51 2017 Executive Vice President, Head of Business Area Networks, and Head of Segment Networks

Erik Ekudden

52 2018 Senior Vice President, Chief Technology Officer, Head of Group Function Technology

Stella Medlicott

51 2019 Senior Vice President, Chief Marketing and Communications Officer and Head of Group Function Marketing & Corporate Relations

Xavier Dedullen

56 2018 Senior Vice President, Chief Legal Officer and Head of Group Function Legal Affairs and Compliance, Secretary of the Board of Directors of Telefonaktiebolaget LM Ericsson

Arun Bansal

52 2017 Senior Vice President, Head of Market Area Europe & Latin America

Niklas Heuveldop

52 2018 Senior Vice President, Head of Market Area North America

Chris Houghton

54 2017 Senior Vice President, Head of Market Area North East Asia

Jan Karlsson

54 2018 Senior Vice President, Head of Business Area Digital Services, Head of Segment Digital Services

Peter Laurin

49 2018 Senior Vice President, Head of Business Area Managed Services, Head of Segment Managed Services

Nunzio Mirtillo

59 2017 Senior Vice President, Head of Market Area South East Asia, Oceania & India

Fadi Pharaon

2019 Senior Vice President, Head of Market Area Middle East & Africa

Asa Tamsons

39 2018 Senior Vice President and Head of Business Area Technologies & New Businesses, Head of Segment Emerging Business and Other

Per Holmberg

54 2018 Director - Deputy Employee Representative

Torbjorn Nyman

59 2018 Director, Employee Representative

Anders Ripa

58 2017 Director - Deputy Employee Representative

Loredana Roslund

53 2017 Director - Deputy Employee Representative

Kjell-Ake Soting

57 2017 Director, Employee Representative

Roger Svensson

49 2017 Director, Employee Representative

Jon Baksaas

66 2017 Independent Director

Jan Carlson

59 2017 Independent Director

Nora Denzel

58 2013 Independent Director

Eric Elzvik

60 2017 Independent Director

Kurt Jofs

62 2018 Independent Director

Kristin Rinne

66 2016 Independent Director

Peter Nyquist

2013 Vice President, Investor Relations

Biographies

Name Description

Ronnie Leten

Mr. Ronnie Leten serves as Chairman of the Board of the Company. He is also Chair of the Finance Committee, Member of the Remuneration Committee and Member of the Nomination Committee. He is President and CEO of Atlas Copco AB 2009–2017 and various leadership positions within the Atlas Copco Group 1997– 2009 and 1985–1995. Previous positions include plant manager of Tenneco Automotive Inc., Belgium, 1995–1997 and various positions within General Biscuits 1979–1985.

E. Borje Ekholm

Mr. E. Borje Ekholm serves as President, Chief Executive Officer, Director of the Company. He has also been Director of the Company since 2006. He was CEO of Patricia Industries, a division within Investor AB (2015–2017). President and CEO of Investor AB (2005–2015). Formerly Head of Investor Growth Capital Inc. and New Investments. Previous positions at Novare Kapital AB and McKinsey & Co Inc. Since 2017, member of the Steering Committee of the World Economic Forum Digital Communication Governors and a member of the Broadband Commission for Sustainable Development. Member of the Board of Trustees of Choate Rosemary Hall and member of the Board of the Swedish-American Chamber of Commerce New York.

Helena Stjernholm

Ms. Helena Stjernholm serves as Deputy Chairman of the Board of the Company. She is also Member of the Finance Committee. She is President and CEO of AB Industrivärden since 2015. Partner in the private equity firm IK Investment Partners (2008– 2015), with responsibility for the Stockholm office from 2011 to 2015. Investment Manager at IK Investment Partners (1998–2008). Previous experience as consultant for Bain & Company (1997–1998).

Jacob Wallenberg

Mr. Jacob Wallenberg serves as Deputy Chairman of the Board of the Company. He is Member of the Finance Committee of the Company. He is Chair of the Board of Investor AB since 2005. President and CEO of SEB in 1997 and Chair of SEB’s Board of Directors 1998–2005. Executive Vice President and CFO of Investor AB 1990–1993. Honorary Chair of IBLAC (Mayor of Shanghai’s International Business Leaders Advisory Council) and member of the steering committee of the European Round Table of Industrialists, Deputy Chair of the Swedish-American Chamber of Commerce US, member of the International Advisory Board of the Atlantic Council, Washington DC, member of the International Business Council of the World Economic Forum, Trilateral Commission and the Advisory Board of Tsinghua University.

Carl Mellander

Mr. Carl Mellander serves as Senior Vice President, Chief Financial Officer and Head of Group Function Finance and Common Functions of the Company. He has previously been Acting Chief Financial Officer and Head of Group Function Finance and Common Functions (July 2016–March, 2017). Has previously held various positions within finance and business control within Ericsson, including Vice President and Group Treasurer and Head of Finance in Region Western and Central Europe. Previous positions include Head of Finance / CFO positions within the telecom operator space and defense industry.

MajBritt Arfert

Ms. MajBritt Arfert serves as Senior Vice President, Chief Human Resources Officer and Head of Group Function People of the Company. She has previously been Acting Head of Group Function Human Resources (2016– 2017), Head of Human Resources Ericsson Sweden (2015–2017). Previously Vice President and Head of Human Resources Business Unit Support Solutions (2007–2015). Previous positions include various Human Resources positions, including Head of Human Resources for Sony Ericsson in Germany (2001–2004).

Fredrik Jejdling

Mr. Fredrik Jejdling serves as Executive Vice President, Head of Business Area Networks, and Head of Segment Networks of the Company. He has previously been Senior Vice President and Head of Business Unit Network Services (2016–2017). Has held a variety of positions in commercial operations and financials, including Head of Region Sub-Saharan Africa, Head of Region India, and Head of Sales and Finance for Business Unit Global Services. Previous positions include senior positions with LUX Asia Pacific and Tele2 Group.

Erik Ekudden

Mr. Erik Ekudden serves as Senior Vice President, Chief Technology Officer, Head of Group Function Technology of the Company. He was previously Group Chief Technology Officer and Head of Technology and Architecture within Group Function Technology and Emerging Business (July 2017– March 2018). Joined Ericsson in 1993 and has held various management positions in the company, including Head of Technology Strategy, Chief Technology Officer Americas in Santa Clara US, and Head of Standardization and Industry. Member of the Royal Swedish Academy of Engineering Sciences (IVA).

Stella Medlicott

Ms. Stella Medlicott serves as Senior Vice President, Chief Marketing and Communications Officer and Head of Group Function Marketing & Corporate Relations of the Company. She is Vice President of Marketing, Communications and Government Relations for Ericsson Market Area Europe and Latin America July 2017–June 2019. Prior to joining Ericsson, Stella Medlicott was Chief Marketing Officer at Red Bee Media, which was acquired by Ericsson in May 2014. She has over 25 years of marketing experience in major IT, telecoms and mdia companies including two years at Technicolor as VP Marketing and ten years at Siemens Communications as Global VP Marketing.

Xavier Dedullen

Mr. Xavier Dedullen serves as Senior Vice President, Chief Legal Officer and Head of Group Function Legal Affairs and Compliance, Secretary of the Board of Directors of Telefonaktiebolaget LM Ericsson of the Company. Previously Group General Counsel at Holcim Ltd (now called LafargeHolcim) (2013– 2018) with responsibility for the legal and compliance functions, based in Switzerland. Various senior legal management positions, including most recently, Vice President International – Legal and External Affairs, and other senior management positions at Verizon Business (2004–2013), based in the UK and Hong Kong with responsibility for EMEA and APAC. Prior to that, various senior legal positions in the telecoms, banking and power industries, based in the UK and Switzerland. Started his career in private practice in New York.

Arun Bansal

Mr. Arun Bansal serves as Senior Vice President, Head of Market Area Europe & Latin America of the Company. He has previously served as Senior Vice President and Head of Business Unit Network Products (2016–2017). Joined Ericsson in 1995 and has held various senior positions in the company, including Senior Vice President and Head of Business Unit Radio, Head of Region South East Asia and Oceania and Country Manager in Indonesia and Bangladesh and has also worked in Sweden, USA, Malaysia and Singapore. He holds Bachelor of Engineering (Electronics), University of Jiwaji, India, and Postgraduate Diploma in Marketing, Indira Gandhi National Open University, India.

Niklas Heuveldop

Mr. Niklas Heuveldop serves as Senior Vice President, Head of Market Area North America of the Company. He was Senior Vice President, Chief Strategy Officer and Head of Group Function Technology & Emerging Business (April 2017– March 2018). Previous positions include Chief Customer Officer and Head of Group Function Sales (2016–2017) and senior leadership positions across Europe and the Americas, including Head of Global Customer Unit AT&T and Head of Market Unit Central America and Caribbean. Previous positions outside Ericsson include CEO of ServiceFactory and COO of WaterCove Networks.

Chris Houghton

Mr. Chris Houghton serves as Senior Vice President, Head of Market Area North East Asia of the Company. He has previously served as Head of Region North East Asia (2015–2017). Has also previously held management positions within Ericsson, including Head of Region India, Head of Customer Unit UK and Ireland and various management positions within Ericsson in China, Hungary, India, Ireland, Japan, Sweden and the UK.

Jan Karlsson

Mr. Jan Karlsson serves as Senior Vice President, Head of Business Area Digital Services, Head of Segment Digital Services of the Company. He has previously Acting Head of Business Area Digital Services February–July 2018. Previous Head of Solution Area BSS within Business Area Digital Services. Before joining Ericsson early 2017 Jan Karlsson was the CEO of DigitalRoute, an ISV focusing on data collection & pre-processing across Telco and Non-telco verticals.

Peter Laurin

Mr. Peter Laurin serves as Senior Vice President, Head of Business Area Managed Services, Head of Segment Managed Services of the Company. He was Previously Head of Region Northern Europe and Central Asia. Previous management positions within Ericsson include Head of Ericsson’s Global Customer Unit Vodafone (2013–2016) and various executive positions in North America, Asia and Europe. Previous external roles include positions in Arthur D. Little and Mediatude Ltd. He holds Master of Technology, Chalmers University of Technology, Sweden, and Master of Business Administration, Gothenburg School of Economics and Commercial Law, Sweden.

Nunzio Mirtillo

Mr. Nunzio Mirtillo serves as Senior Vice President, Head of Market Area South East Asia, Oceania & India of the Company. He was previously Previously Head of Region Mediterranean. Previous management positions within Ericsson include Head of Sales Networks for Western Europe within Business Unit Networks, Head of Business Operations in Market Unit South East Europe and Key Account Manager for Wind Italy, Vodafone Italy and other customers.

Fadi Pharaon

Mr. Fadi Pharaon serves as Senior Vice President, Head of Market Area Middle East & Africa of the Company. He was Vice President of Networks & Managed Services (presales and commercial management) within Market Area Europe & Latin America. Previous management positions within Ericsson include Head of Presales and Strategy for Ericsson Region South East Asia & Oceania, and Country Manager for Ericsson Singapore and Brunei.

Asa Tamsons

Ms. Asa Tamsons serves as Senior Vice President and Head of Business Area Technologies & New Businesses, Head of Segment Emerging Business and Other of the Company. She is Head of Business Area Technology and Emerging Business (April–September 2018). Previous position as partner in McKinsey & Company, with focus on growth strategy, marketing and sales, hightech, and telecommunications across Europe, the USA, and Latin America, based in the Stockholm, San Francisco and Sao Paulo offices.

Per Holmberg

Mr. Per Holmberg serves as Director - Deputy Employee Representative of the Company. Employed since 1996. Working as Product Development Leader within Business Area Networks.

Torbjorn Nyman

Mr. Torbjorn Nyman serves as Director, Employee Representative of the Company. He has previously been Deputy Board Member since 2017. He is Member of the Audit and Compliance Committee. He previously was Director, Employee Representative and Member of the Finance Committee of Telefonaktiebolaget LM Ericsson from 2004 until April 28, 2008. He has been appointed by LO, the Swedish Trade Union Confederation. He has been employed at the Company since 1996. He is working as ICT Strategic Product Manager within Business Area Networks.

Anders Ripa

Mr. Anders Ripa serves as Director - Deputy Employee Representative of the Company. Employed since 1998. Working as Security Advisor for Mission Critical and Private Networks within Business Area Networks.

Loredana Roslund

Ms. Loredana Roslund serves as Director - Deputy Employee Representative of the Company. Employed since 1994. Working as Project Manager within R&D, Business Area Networks.

Kjell-Ake Soting

Mr. Kjell-Ake Soting serves as Director, Employee Representative of the Company. He has previously been Deputy Board Member since 2016. He was appointed by PTK. He is Member of the Remuneration Committee. He has been employed since 1996. He is working as Global SQA Manager within Business Area Networks.

Roger Svensson

Mr. Roger Svensson serves as Director, Employee Representative of the Company. He was appointed by PTK. He has previously been Deputy Board Member since 2011. He is Member of the Finance Committee and of the Technology and Science Committee. He has been employed since 1999. He is working as Global Process Architect for Test within Business Area Networks.

Jon Baksaas

Mr. Jon Fredrik Baksaas serves as Independent Director of the Company. He is Chair of the Remuneration Committee. He is President and CEO of Telenor (2002–2015). Previous positions within the Telenor Group since 1989, including deputy CEO, CFO and CEO of TBK AS. Previous positions include CFO of Aker AS, finance director of Stolt Nielsen Seaway AS and controller at Det Norske Veritas, Norway and Japan. Member of the GSMA Board (2008–2016) and Chair of the GSMA Board (2014–2016).

Jan Carlson

Mr. Jan Carlson serves as Independent Director of the Company. He is Chair and President and CEO of Veoneer Inc. since June 2018. President and CEO of Autoliv Inc. 2007–2018 and Chair of Autoliv Inc. since 2014. Previous positions within the Autoliv Group since 1999, including President Autoliv Europe, Vice President Engineering of Autoliv and President Autoliv Electronics. Previous positions include President of Saab Combitech and of Swedish Gate Array. He holds Master of Science degree in Engineering Physics and Electrical Engineering, the University of Linköping, Sweden.

Nora Denzel

Ms. Nora M. Denzel serves as Independent Director of the Company. She is CEO (interim) of Outerwall Inc. (January 2015– August 2015). Senior Vice President Big Data, Marketing and Social Product Design and General Manager QuickBooks Payroll Division (2008–2012). Previous positions include Senior Vice President and General Manager of HP’s Global Software, Storage and Consulting Divisions (2000–2006), Senior Vice President Product Operations Legato Systems (bought by EMC) and various engineering, marketing and executive positions at IBM. Non-Profit board member of the National Association of Corporate Directors (NACD) Northern California Chapter. Member of the Advisory Board of SUSE Linux. She holds Master of Business Administration, Santa Clara University, USA. Bachelor of Science in Computer Science, State University of New York, USA.

Eric Elzvik

Mr. Eric A. Elzvik serves as Independent Director of the Company. He is CFO and member of the Group Executive Committee of ABB Ltd (2013– 2017). Division CFO ABB Discrete Automation & Motion (2010–2012) and division CFO Automation Products Division (2006–2010). Previous positions within the ABB Group since 1984, including senior management positions within finance, mergers & acquisitions and new ventures. Currently, senior industrial advisor to EQT. Master of Business Administration, Stockholm School of Economics, Sweden.

Kurt Jofs

Mr. Kurt Jofs serves as Independent Director of the Company. He is Entrepreneur and investor with extensive experience in various industries. Previous positions include Executive Vice President and responsible for Ericsson’s Networks business 2003–2008, CEO of Segerström & Svensson 1999–2001. CEO of Linjebuss 1996–1999, and various positions within ABB and Ericsson. He holds Master of Science in Engineering, Royal Institute of Technology, Stockholm, Sweden.

Kristin Rinne

Ms. Kristin S. Rinne serves as Independent Director of the Company. She is Previously Senior Vice President, Network Technology, Network Architecture & Planning, at AT&T (2007–2014). CTO of Cingular Wireless (2005–2007) and VP Technology & New Product Development of Cingular Wireless (2000–2005). Previous positions within Southwestern Bell and SBC (1976–2000). Trustee of Washburn University Foundation and member of the Board of Wycliffe Associates. Member of the Advisory Board of Link Labs. She holds Bachelor of Arts, Washburn University, USA.

Peter Nyquist

Mr. Peter Nyquist has been Vice President, Investor Relations of Telefonaktiebolaget LM Ericsson since September 2013. He has a background in investor relations and financial communication and since 2006 holds the position as Senior Vice President Investor Relations and Financial Information at Electrolux.