Ericsson announces change to the Executive Team
Rhea-AI Summary
Ericsson (NASDAQ: ERIC) announced that Stella Medlicott will step down from her position as Senior Vice President, Chief Marketing and Communications Officer and Head of Corporate Relations, effective March 31, 2026. Medlicott, who joined Ericsson in 2014 and has served on the Executive Team since 2019, played a crucial role in positioning Ericsson as a global technology leader and driving cultural change.
CEO Börje Ekholm acknowledged Medlicott's contributions in evolving the brand, managing geopolitics, sustainability, and health and safety initiatives. During her 11-year tenure at Ericsson, Medlicott built an industry-leading team and transformed the company's approach to various strategic areas.
Positive
- Orderly transition with advance notice until March 31, 2026
- Strong track record of leadership in brand evolution and cultural transformation
- Successfully built an industry-leading team during tenure
Negative
- Loss of experienced executive with 11 years of company knowledge
- Potential disruption in marketing and communications strategy during transition
News Market Reaction 1 Alert
On the day this news was published, ERIC gained 0.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stella Medlicott has been with the company since 2014 and has served on Ericsson's Executive Team since 2019. A transition plan is underway.
Börje Ekholm, President and CEO, says: "Stella has been instrumental in the Executive Team and has driven the perception of Ericsson as a global technology leader. She has played a critical role in helping the company navigate through significant change, evolve the brand in line with the business strategy, and has been at the forefront of driving cultural change. She has built an industry leading team, and transformed the company's approach to managing geopolitics, sustainability and health and safety. After more than 6 years in the role, we have agreed that this is a good time to change, and I wish her all the very best and success in her future endeavors."
Stella Medlicott says: "After more than 11 incredible years at Ericsson, I have taken the difficult decision to leave the company to pursue other opportunities. It's been a true privilege to serve on the Executive Team for the past 6 years and to work with so many talented people across the company. We have worked through some extraordinary times, but all the while I've been impressed and motivated by the professionalism, heart and integrity that is the true Ericsson. I'm excited to see these values and the continued technology leadership drive the next era of global innovation."
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ABOUT ERICSSON:
Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com
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SOURCE Ericsson
FAQ
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