Ericsson’s CEO Tours Marconi Sites

Tuesday, November 1, 2005

Carl-Henric Svanberg, CEO of Ericsson, began a tour of some of Marconi’s European sites this morning, starting at Coventry and moving to Beeston for the afternoon session. Genoa and Backnang will be visited on Wednesday and Thursday.

Mike Parton, CEO of Marconi Corporation, spoke of the ‘good news’ for all stake-holders and introduced Svanberg to a round of applause from the majority of the staff at Coventry New Century Park, while more staff from Coventry New Horizon Park listened on a conference call line.

The purpose of the tour is to communicate to approx. Eighty percent of Marconi’s staff and allow them to ask questions about the asset purchase proposed by Ericsson.