STOCKHOLM, Sweden, Nov. 19, 2002 (PRIMEZONE) -- The following was released by Tom Hedelius of Industrivarden (publ):
I have informed Michael Treschow, in his capacity of chairman of the nominating committee for Eriksson's board of directors, that I will decline re-election to the board in 2003.
I have put a great deal of work into this assignment over a long period of time. The rights issue has now been completed, and in line with previous statements, the expectations are that Ericsson can return to profit sometime during 2003. Against this background it feels like a natural point in time for me to leave the board. By doing so I will also gain more time for my other assignments, which suits me well.
Contact: Lena Bergholm, tel: +46 (0) 8 666 6400
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http://www.waymaker.net/bitonline/2002/11/19/20021119BIT00710/wkr0001.doc
http://www.waymaker.net/bitonline/2002/11/19/20021119BIT00710/wkr0002.pdf