Douglas Gilstrap, vice president and global head of strategy, will leave on Aug. 1, the Stockholm-based company said in a statement. Gilstrap, who joined in 2009, played a key role in dissolving the ST-Ericsson joint venture and integrating the modem business. Ericsson is searching for a replacement.
Gilstrap was “instrumental” in shaping Ericsson’s strategy and “strengthening Ericsson’s position across all business segments,” Chief Executive Officer Hans Vestberg said in the statement today.
ST-Ericsson, the chip venture with STMicroelectronics NV, was dissolved last year and Ericsson agreed to take on 1,800 of its workers to continue developing modem technology. It bought Piscataway, New Jersey-based Telcordia for $1.15 billion two years ago to strengthen its operations and business support systems market, after acquiring IP-router maker Redback Networks in 2007 for $1.66 billion.
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