Ericsson (NASDAQ:ERIC) has appointed Johan Wibergh as Senior Vice President and head of business unit Networks effective July 1, 2008. Johan Wibergh is currently head of Ericsson Brazil. Kurt Jofs, currently head of business unit Networks, has decided to step down and will leave the company at the end of the year. "I welcome Johan Wibergh to his new position. Considering the achievements he has made in former positions, I am sure he will be an excellent head of business unit Networks", says Carl-Henric Svanberg, President and CEO of Ericsson. Johan Wibergh was Vice President and head of sales for business unit Global Services during 2004-2005. In June, 2005, he was appointed head of Ericsson in the Nordic and Baltic region and in 2007 he moved to Brazil to take on the same responsibility there. "In his five years as head of business unit Networks, Kurt Jofs has demonstrated excellent leadership skills and he has been instrumental in taking Ericsson to today's strong market leading position and outstanding profitability", says Carl-Henric Svanberg. "I truly regret that Kurt Jofs has taken the decision to step down, but I highly respect his prioritizations in life." Kurt Jofs will remain an Executive Vice President in Ericsson until the end of the year, supporting Carl-Henric Svanberg and Johan Wibergh.