Ericsson appoints Patrick Johansson Head of Market Area Middle East & Africa

Rhea-AI Summary

Ericsson (NASDAQ: ERIC) announced on July 2, 2024, the appointment of Patrick Johansson as the new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President, effective August 1, 2024. Johansson will join Ericsson's Executive Team and report directly to CEO Börje Ekholm. He succeeds Fadi Pharaon, who decided to leave the company in May 2024. Johansson has a comprehensive background with Ericsson, covering various roles in Sweden, Korea, India, Austria, China, and Vietnam since joining the firm in 1997. His prior roles include Global Head of Sales & Commercial Management for Business Area Networks and Head of Customer Unit Korea. Johansson's deep understanding of Ericsson's technology and business strategy is expected to help maintain the company's industry-leading position. He will be based in Riyadh, Saudi Arabia.

Positive

• Appointment of Patrick Johansson as Head of Market Area Middle East & Africa, bringing extensive experience and continuity.
• Johansson’s deep understanding of Ericsson’s technology and business strategy is expected to positively impact the company’s industry position.

Negative

• Departure of Fadi Pharaon may cause temporary disruption in leadership continuity.

• Effective as of August, 1, 2024
• Becomes member of Ericsson's Executive Team, reporting to the CEO

STOCKHOLM, July 2, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Patrick Johansson as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. Mr. Johansson who is currently Head of Business Control & Operations at Ericsson's Business Area Cloud Software & Services, will replace Fadi Pharaon whose decision to leave Ericsson was announced in May 2024. Mr. Johansson will take up his new position on August 1, 2024, and be based in Riyadh, Saudi Arabia.

Patrick Johansson's background spans across multiple Business Areas and Market Areas having lived in Sweden, Korea, India, Austria, China and Vietnam since joining Ericsson in 1997. His previous work experience includes roles as Global Head of Sales & Commercial Management for Business Area Networks, Head of Customer Unit Korea as well as several executive Finance and Business roles.

Börje Ekholm, President and CEO of Ericsson, says: "Patrick has extensive understanding of our technology and business strategy which are two crucial and contributing factors to continue securing our leading industry position. I'm very pleased that he has accepted this role and look forward to having him on the Executive Team."

Patrick Johansson, comments: "I am honored and thrilled to be offered this opportunity. Ericsson is at the epicenter of the latest technology trends where networks are the foundation when businesses and societies digitalize. We are leading the industry by providing fully programmable, high-performance networks where capabilities can be exposed through network APIs. I am very much looking forward to meeting customers and partners and working with my colleagues within Market Area Middle East and Africa creating outstanding customer value."

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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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Ericsson appoints Patrick Johansson Head of Market Area Middle East & Africa

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SOURCE Ericsson

FAQ

Who is the new Head of Market Area Middle East & Africa for Ericsson?

Patrick Johansson has been appointed as the new Head of Market Area Middle East & Africa for Ericsson, effective August 1, 2024.

When will Patrick Johansson start his new role at Ericsson?

Patrick Johansson will start his new role at Ericsson on August 1, 2024.

What is Patrick Johansson's background within Ericsson?

Patrick Johansson has worked within Ericsson since 1997, holding roles in Sweden, Korea, India, Austria, China, and Vietnam, including Global Head of Sales & Commercial Management for Business Area Networks.

Why is Patrick Johansson considered a good fit for the new role at Ericsson?

Patrick Johansson is considered a good fit due to his extensive understanding of Ericsson's technology and business strategy, which are important for maintaining the company's leading industry position.

Where will Patrick Johansson be based in his new role at Ericsson?

Patrick Johansson will be based in Riyadh, Saudi Arabia, in his new role at Ericsson.

What are the expected impacts of Patrick Johansson's appointment on Ericsson?

Patrick Johansson's appointment is expected to bring stability and leverage his deep understanding of technology and business strategy to maintain Ericsson’s leading industry position.