Telefonaktiebolaget LM Ericsson ( (ERIC) ) just unveiled an announcement.
On February 25, 2025, Ericsson announced significant changes to its Executive Team and Market Area structure, effective March 15, 2025. Per Narvinger will become the Executive Vice President and Head of Business Area Networks, while Jenny Lindqvist will take over as Head of Cloud Software and Services. Additionally, the company will consolidate its regional structure into two new Market Areas: Americas and Europe, Middle East & Africa. These strategic changes aim to enhance operational efficiency and customer focus, positioning Ericsson to maintain its leadership in high-performing networks.
More about Telefonaktiebolaget LM Ericsson
Ericsson is a leading provider of mobile communication and connectivity solutions, serving billions of people globally. With nearly 150 years of experience, the company collaborates with service providers and enterprises to advance the digital world.
YTD Price Performance: -1.61%
Average Trading Volume: 15,569,261
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $26.58B
See more data about ERIC stock on TipRanks’ Stock Analysis page.