Ericsson has announced the
appointment of Lars Sandström as its new Chief Financial Officer, Senior Vice
President, and Head of Group Function Finance. Mr. Sandström will replace Carl
Mellander, whose departure Ericsson announced in April 2023. Mr. Sandström will
join Ericsson on April 1, 2024, and will be based in Sweden.
Lars Sandström is currently Chief Financial Officer and member of the
executive team at Getinge - a listed global leader within Medtech. Mr.
Sandström has been with Getinge since 2017 and holds a Master of Science in
Business Administration. Mr. Sandström has previously held several senior
positions at AB Volvo, Scania and Swedish Orphan Biovitrum AB.
Börje Ekholm, President and CEO of Ericsson, said: “I warmly welcome Lars Sandström to Ericsson. Lars’ impressive track
record, extensive experience and knowledge in a variety of financial and
management roles will be immensely important as we execute on our strategy to
extend our leadership in mobile networks, expand into the enterprise segment
and drive our culture transformation.”
Commenting on the appointment, Mr. Sandström says: “I’m very excited to join Ericsson and to help drive the creation of
game-changing technologies and services that shape our future. Connectivity not
only redefines businesses and improve lives, but it is also pioneering a
sustainable future for all of us.”
In April 2023 Ericsson announced that Carl Mellander would step down
after having been with Ericsson for over 25 years and a member of the Company’s
Executive Team since 2016. Mr. Mellander will leave Ericsson at the end of the
first quarter 2024.