Ericsson A, a prominent public company based in Sweden, has announced a significant leadership change within its Business Area Networks. David Hammarwall is set to assume the role of Head of Business Area Networks and Senior Vice President, effective from 1 October 2026. This appointment follows the recent elevation of Per Narvinger to the position of President and CEO of Ericsson.
Hammarwall, who has been a part of Ericsson since 2007, brings extensive experience to his new role, having led several network-focused units, including the T-Mobile customer unit in the Americas. His appointment is a strategic move as he will report directly to Narvinger and join the executive team in Stockholm.
The leadership at Ericsson has emphasized the strategic importance of Hammarwall’s role, particularly as the company continues to expand its network portfolio. This expansion includes advanced 5G technologies, AI-enhanced radio access networks, and the next generation of connectivity solutions. These developments are crucial for Ericsson’s customers and partners, as the company advances its programmable network offerings.
Ericsson operates in the Information Technology sector, specifically within the Communications Equipment industry. The company is listed on the Swedish Stock Exchange and trades in SEK. As of 17 June 2026, Ericsson’s close price was 109.8 SEK, with a 52-week high of 128.6 SEK on 2 June 2026, and a 52-week low of 70.1 SEK on 31 July 2025. The company’s market capitalization stands at 364,346,605,568 SEK, with a price-to-earnings ratio of 10.96.
Ericsson’s operations are divided into four segments: networks, digital services, managed services, and emerging business and other. The company specializes in providing information and communications technology solutions for service providers, maintaining a strong presence in the global telecommunications market.
