Ericsson Appoints Lars Sandström As New CFO

Ericsson has officially announced the appointment of Lars Sandström as the new Chief Financial Officer (CFO), Senior Vice President, and Head of Group Function Finance.

This transition follows the departure of the predecessor Carl Mellander after being with Ericsson for over 25 years and a member of the company’s Executive Team since 2016.

Lars Sandström brings a wealth of experience to Ericsson, having served as the Chief Financial Officer and a key member of the executive team at Getinge since 2017. His professional journey includes significant roles at prominent companies such as AB Volvo, Scania, and Swedish Orphan Biovitrum AB.  Sandström served as Senior Vice President of Corporate Business Control at Volvo Group and Vice President of Financial Services at Scania Group.

Börje Ekholm, President and CEO of Ericsson, expressed a warm welcome to Lars Sandström, saying, “I warmly welcome Lars Sandström to Ericsson. Lars’ impressive track record, extensive experience and knowledge in a variety of financial and management roles will be immensely important as we execute on our strategy to extend our leadership in mobile networks, expand into the enterprise segment and drive our culture transformation.”

In response to his appointment, Sandström said, “I’m very excited to join Ericsson and to help drive the creation of game-changing technologies and services that shape our future. Connectivity not only redefines businesses and improve lives, but it is also pioneering a sustainable future for all of us.”

Mellander is slated to leave Ericsson at the end of the first quarter of 2024, paving the way for Lars Sandström to assume the role starting from April 1, 2024 in Sweden.