Tuesday, 25 July 2017

Ericsson nominates new board members

Ericsson
Monday 08 March 10

Ericsson's Annual General Meeting of Shareholders will take place on April 13, 15.00 CET, in Stockholm. The nomination committee proposes Michael Treschow be re-elected Chairman of the Board of Directors, Roxanne S. Austin, Sir Peter L. Bonfield, Börje Ekholm, Ulf J. Johansson, Sverker Martin-Löf, Nancy McKinstry, Anders Nyrén, Carl-Henric Svanberg, and Marcus Wallenberg be re-elected and Hans Vestberg and Michelangelo (Mike) Volpi be elected new members of the Board of Directors…

Ericsson's Annual General Meeting of Shareholders will take place on April 13, 15.00 CET, in Stockholm. The nomination committee proposes Michael Treschow be re-elected Chairman of the Board of Directors, Roxanne S. Austin, Sir Peter L. Bonfield, Börje Ekholm, Ulf J. Johansson, Sverker Martin-Löf, Nancy McKinstry, Anders Nyrén, Carl-Henric Svanberg, and Marcus Wallenberg be re-elected and Hans Vestberg and Michelangelo (Mike) Volpi be elected new members of the Board of Directors.

Mike Volpi is a partner at Index Ventures in London where he focuses on investments in the internet, telecom/networking and media sectors. His career in the technology sector began at HP where he worked in the optoelectronics division. He then moved on to Cisco Systems in 1994, where he was Senior Vice President and led Cisco's business for the service provider market, and was also responsible for all of Cisco's routing and access products. He also served as Cisco's Chief Strategy Officer. Volpi left Cisco in 2007 to serve as CEO at Joost, a venture backed start up delivering premium video services over the internet.

Mike Volpi was born in 1966. He holds a Bachelor of Science in Mechanical Engineering and Masters in Manufacturing Systems Engineering from Stanford University and an MBA from the Stanford Graduate School of Business.

Hans Vestberg was appointed President and CEO of Ericsson on January 1, 2010. He was born 1965 and earned a Bachelor of Business Administration degree from the University of Uppsala, Sweden, in 1991. Shortly after joining Ericsson in 1991, Hans Vestberg was appointed to various international managerial positions in China, Sweden, Chile, Brazil and the US. Prior to taking on the position as CEO and President, he held the position as Chief Financial Officer.

The complete proposals of the nomination committee, including the committee's explanation of its proposal regarding the Board of Directors taking into account Ericsson's operations, phase of development and other relevant circumstances as well as the qualifications, experience and background of the nominated directors, are available on our website, www.ericsson.com, as of March 8, 2010.

The Board of Directors proposes a dividend of SEK 2.00 per share be paid for the year 2009 and April 16, 2010 as record day for dividend.

The Board of Directors proposes the meeting resolves on guidelines for remuneration to senior management for the period up to the 2011 Annual General Meeting of Shareholders.

Compared to the guidelines resolved by the 2009 Annual General Meeting of shareholders, these guidelines have been restructured and rephrased to better demonstrate the basic principles for remuneration within the Ericsson Group.

The Board of Directors proposes the implementation of a Long Term Variable Remuneration Program 2010 and transfer of own shares in accordance with the program. For more details, see separate press release.

The Board of Directors proposes transfer of own stock in relation to the resolutions on the Long Term Incentive Plan 2006 and the Long Term Variable Remuneration Programs 2007, 2008 and 2009.

The complete proposals for resolution at the Annual General Meeting of Shareholders are available at our web site www.ericsson.com as of March 8, 2010. Upon request, the proposals will be sent to the shareholder.


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