Ericsson announces leadership changes to the Executive Team
- None.
- None.
- Niklas Heuveldop, currently Head of Market Area North America, is appointed new Head of Business Area Global Communications Platform and CEO of Vonage as of February 1, 2024
- Yossi Cohen, currently Head of Strategy, Technology, Marketing and Business Development within Market Area North America, is appointed Senior Vice President and Head of Market Area North America as of February 1, 2024
- Rory Read, currently Head of Business Area Global Communications Platform and CEO of Vonage, has decided to step down from his positions on February 1, 2024, and leave Ericsson at the end of the first quarter of 2024
Börje Ekholm, President and CEO of Ericsson, comments: "I'm very pleased that Niklas has accepted to lead Business Area Global Communications Platform at this pivotal time. The Vonage acquisition and our investments in the global network platform are foundational to our long-term strategy execution, driving growth in both the enterprise segment, but also reinforcing our network infrastructure business," and continues:
"Niklas has proven himself in multiple roles on the executive team. Under his leadership we have significantly strengthened our position in
Niklas Heuveldop says: "I am thrilled but also humbled to be offered the opportunity to ensure that we leverage Vonage's capabilities and the 5G innovation platform to their full potential – it's a once in a lifetime opportunity. I move on knowing that we have the best talent in the industry to serve our customers and Yossi will continue to strengthen our local capabilities."
Yossi Cohen, currently Head of Strategy, Technology, Marketing and Business Development within Market Area North America, will replace Mr. Heuveldop as Head of Market Area North America as of February 1, 2024. Mr. Cohen will be a member of Ericsson's Executive Team and report to the CEO.
Mr. Cohen has a multifaceted 22-year tenure at Ericsson, brings global expertise in Technology, Business, Operations, and Innovation. His roles within Ericsson include Head of Customer Unit Verizon, Global Head of Radio Sales and Business Management in
Börje Ekholm says: "Yossi's deep understanding of technology and business strategy is crucial as we lead in the 5G landscape. His expertise in fostering dynamic customer relationships and a progressive approach to technology will be key in shaping our future operations and maintaining our industry leadership. He has played an important role within our North American operations for the last seven years and I'm happy that he has accepted to take on this new role."
Yossi Cohen comments: "I am honored and excited to take this role at a transformative time in telecom.
Rory Read, Head of Business Area Global Communications Platform and CEO of Vonage, will transition from his position on February 1, 2024, and become advisor to the Business Area. Mr. Read will leave Ericsson at the end of the first quarter 2024.
Börje Ekholm, President and CEO, says: "We thank Rory for his dedication and contributions to the integration of Vonage into Ericsson. The Vonage business and technology remain key to execute on our strategy to expand in Enterprise and help enable operators to monetize the network features in 5G. We are discussing network APIs and communications solutions with all customers today, as they see this as a major opportunity to monetize the networks and in turn drive further investments in mobile infrastructure. I wish Rory the very best in his next endeavor."
Mr. Read adds: "It has been a true honor to lead this talented Vonage team on this journey - first around the power of the Vonage Communications Platform and then into the world of 5G with Ericsson. There is no question Ericsson is shaping the industry landscape by leveraging the full value of 5G and by creating the world's most powerful innovation platform. Through this platform, Ericsson will be able to monetize 5G in completely new ways by exposing advanced network capabilities to the global developer community. The Company has come a long way towards realizing this strategy and I look forward to following Ericsson and handing over the reins to Niklas' capable hands."
NOTES TO EDITORS:
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