Ericsson has announced the appointment of Lars Sandstrom as Chief Financial Officer, Senior Vice President, and Head of Group Function Finance on April 1, 2024 and will be based in Sweden.
Mr. Lars Sandstrom will replace Carl Mellander, whose departure Ericsson announced in April 2023. In April 2023 Ericsson announced that Carl Mellander would step down after having been with Ericsson for over 25 years and a member of the Company’s Executive Team since 2016.
Börje Ekholm, President and CEO of Ericsson – “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”, he added.
On his appointment, Lars Sandstrom 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”, Lars Sandstrom added.
Lars has extensive experience from many different financial and management roles, most recently as CFO for the medtech company Getinge.
His earlier stints include working with Volvo Group, Scania, and BRIO AB. He holds his Master of Science (M.Sc.), Finance from Halmstad University.