STOCKHOLM, March 29,
2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC)
Executive Team and Board of Directors reaffirm commitment to
deliver Ericsson strategy and continue compliance transformation
journey.
At Ericsson's 2022 Annual General Meeting, it was recorded that
shareholders representing at least one tenth of all of the
shares in the Company voted against discharge from liability of the
Board of Directors and the President for the financial year 2021
while also electing Board members in accordance with the Nomination
Committee's proposals, which including re-election of all prior
Board members.
Speaking after the general meeting, Ericsson's Chief Executive
Officer, Börje Ekholm said: "I understand the concerns raised by
our shareholders and these are important matters. I want to state
my commitment to continuing to lead Ericsson in the transformation
of our company and its culture, executing on global 5G technology
leadership, and strengthening our ethics and compliance performance
to ensure lasting change."
Ronnie Leten, Chair of Ericsson's Board of Directors added:
"Börje and the Executive Team have the full support of the Board.
We have made good progress but there is much still to do.
Conducting business responsibly and with integrity is essential to
driving real and positive change. During five years at the helm,
Börje has led the focus on ethics and compliance and executed the
performance turnaround of Ericsson. He has made the company a
leader in 5G globally and established a course for growing in
wireless enterprise."
"Ericsson's Board is committed in its support for the continued
transformation journey both in the business, and ethics and
compliance performance."
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About Ericsson
Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business and is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's investments in innovation have
delivered the benefits of telephony and mobile broadband to
billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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Executive Team and
Board of Directors reaffirm commitment to deliver strategy and
continue compliance transformation journey
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SOURCE Ericsson