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

Björn 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."Björn 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.

Björn 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 Björn Olsson's bio and photo
http://www.ericsson.com/ericsson/
corpinfo/management/bjorn_olsson.shtml

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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.


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