Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Announces A Change In Its Executive Body

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) which happens to be one of the top phone manufacturing companies has today made the most awaited announcement. Earlier on, rumors were moving around that Rima Qureshi was to leave the company in a short while. This remained to be hearsay or rumors until the company decided to break its long silence today conforming that indeed the top official was leaving the company to pursue some “greener pastures”

She had over the years been serving the company in the capacity of the Senior Vice President and Head of Market Area North America. To cut to the chase, she managed to help the company realize high revenues as well as implement some major expansions some of which have changed the company to what it is today.

While making a statement, the President and CEO, Börje Ekholm outlined, “We will continue our work to bring the latest technology and competitive solutions to our customers in North America. It is an exciting region with some of the world’s most advanced operators and demanding requirements. We remain firmly committed to being their partner on the road to 5G.”

Lately, the industry leader has been making changes here and there to see to it that operations are carried out much more easily and that the provider manages to attain its goals. Niklas Heuveldop according to sources has been appointed to serve as the acting Head of Market Area North America from May 11, 2017.At the moment, the top official is serving as the Senior Vice President, Head of Technology & Emerging Business as well as the Chief Strategy Officer.

It definitely goes without saying that the company it’s fully in charge of its operations and that can be seen from the wary it readily closes the loopholes of failure. It was for sure a great move to settle for Niklas as the official that will immediately be stepping in to serve as the acting Head of the Market Area. According to some inside sources, the top executive is quite professional and dedicated as well.

The company wishes Rima all the best in her future endeavors.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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