* Rima Qureshi appointed Senior Vice President and Chief Strategy Officer for
the Ericsson Group
* Will also assume role as Chairman of Business Unit Modems
* Appointment effective as of May 1, 2014
* Brings nearly 30 years' experience in the global telecommunications and IT
industry of which 21 years with Ericsson
Ericsson (NASDAQ:ERIC) appoints Rima Qureshi Chief Strategy Officer for the
Ericsson Group where she will also drive the company's mergers and acquisitions
(M&A) strategy and activities. In addition, she will serve as Chairman of
Business Unit Modems.
Hans Vestberg, President and CEO of Ericsson, said: "I am very pleased with this
appointment. Rima's comprehensive experience in driving both business and M&A's,
along with a solid track record in strategy development and execution, makes her
ideal for the job. Rima successfully led the integration of the CDMA and LTE
assets of the former Nortel Networks Corporation and ran the business unit CDMA
Mobile Systems during the years 2010-2012."
Rima Qureshi has been Senior Vice President and part of Ericsson's Executive
Leadership Team since 2010.
Rima Qureshi said: "The industry is going through a rapid transformation and I
could not think of a more exciting time period to lead Ericsson's Group strategy
development. At the same time I am also looking forward to working closely with
the team at Business Unit Modems to ensure we are successful based on the
industry's most advanced LTE thin modem."
Rima Qureshi joined Ericsson in 1993, and prior to running Business Unit CDMA
Mobile Systems, her career spanned leadership roles in R&D, sales, and Services,
including managing Global Service Delivery Centers in Canada, the US, Mexico and
Brazil.
Qureshi was appointed to the Board of Directors of MasterCard Worldwide in April
2011, based on her broad international experience and business acumen. In April
2014, she was appointed new member of Wolters Kluwer Supervisory Board, a global
leader in professional information services.
Qureshi holds a Bachelor's degree in Information Systems and an MBA, both from
McGill University in Montréal, Canada.
NOTES TO EDITORS
Qureshi bio and photos available here
Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and society to
fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With more than 110,000 professionals and customers in 180 countries, we combine
global scale with technology and services leadership. We support networks that
connect more than 2.5 billion subscribers. Forty percent of the world's mobile
traffic is carried over Ericsson networks. And our investments in research and
development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
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Ericsson discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication on April 30 at 08:30 CET.
[HUG#1781338]
