Ericsson announces change to the Executive Team
Rhea-AI Summary
Ericsson (NASDAQ: ERIC) announced that Chief People Officer MajBritt Arfert will step down at the end of May 2025 after serving the company for over 38 years, including nearly eight years on the Executive Team. CEO Börje Ekholm praised Arfert's leadership in evolving Ericsson's culture and people strategy. The company will initiate a recruitment process to find her successor, with Arfert continuing in her role until her departure to ensure a smooth transition. Arfert expressed pride in her work transforming the company and confidence in Ericsson's position to expand into enterprise markets.
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Börje Ekholm, President and CEO, comments: "MajBritt has been a valued member of the Executive Team for almost eight years and has been instrumental to where we are today as a company. We have come to an agreement that this is a good time for a change, as we are entering the next chapter of Ericsson's strategy. With her dedicated leadership and broad background in Ericsson, MajBritt has successfully led the People function and been an integral part in evolving the Ericsson culture and people strategy. I wish her all the best in her future endeavors, and I am happy she will stay on in the role until the end of May, 2025, which allows for finding and ensuring a smooth handover to a successor."
MajBritt Arfert comments: "It has been an incredible journey and a privilege to serve as Ericsson's CPO during and to work with such an extraordinary group of people. I am deeply proud of the work we have done in transforming the Company. Ericsson is well positioned globally to continue building on its industry-leading position and to expand into enterprise. This is the right time for me to move on and to explore new adventures in life. Meanwhile I will continue in full capacity as CPO during this period. I will always follow Ericsson with passion and pride as it keeps transforming society and shaping the industry."
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SOURCE Ericsson
FAQ
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