,9?,:J

-fri{'\'i

.Í,1 il l),r

Ll t' i <: ssrrn ll'e' I qfoorrrn_a_a t schapp i j B " V .

s.nre historicat a"t*" óó".rÀing trre Board of Directors.

In 192o the Electrische lverktuigen Fabriek in Rijen was bought by LM Ericssonand K<ropruan & Co together (2/3 of the shares for LME and most of the rest forKoopman & Co) . The statutes were approve.d on Deeember 22, lg2o and the name ofthe company was N. v. Nederl:rnclsche Eri.csson ?elcfoonfabrieken.

Di rec tors of ttre Boarrl were Admiral A. Lindrnan )Mr. H. Johansson )Mr U Wullin )

Mr J.D" Sickler )MÍ'. ll C (;. tllickilrrur )

Itlr. C. Abbing )Mr. H. van Nierop )

LM ErÍcsson

Kr:o pm Írn & Cr-r

Amst erdamsche Bank

Mr' Blickman died after some months and was replaced by his brother J.A. Blickman,who remàined at the Board until Lg55, almost 35 years.

Koopman and co. remained the sales agentopened a sales office Ín Bandung (Javà.)Lilt Ericsson f«rr many years (untrt after

for Ericsson in Hor t and " Koopman and co.and was there the representative ofï{orld War II?}

"

Sickler (chairman), C" AbbÍng,and the managing drrectors (not. A. Ericsson . Absent H " Johansson

operat ions 0f 63 . S30 , 6g,24, B€Deral reserve

In 1931 the decision was taken by LME to start own sales activlties in Hollandand on January 2, 1932 an office was opened in The Hague. The statutes werebrought in line with the new situation and the name was changed into BricssonTelefoon-Maatschappij N V' (ETM) The first board-meeting was hetd on April 1g,1 932lJr ret't(rrs present at thrs meet ing were J . D "H van Nrerop, J A. Blickman, H"}ï. sicklerbelongrng tc-r the Boaï'd) J.c. van Kuyk and Eirr)íl I Wa-tlini)u() lo thc Kreuger'-'l'()ll affair the Amsterclamsche Bank hacl withdrawn the cre<litt.o !l'l'M bu1. LM-E l.rad promised t(-, *,,nd J0O.0OO guilders and the bank then was wjI_l rngl(,) gtve a new credit"

Í rr a sharehol«lers meet rng in August 1g32 the resul t ofgurlders was disposed as follows: depreciatioris 53.gg17 l{J1 .30. to new account Z.44Z,lg.Itl 19:13 Th Holm and G. Klemning were elected members of the Board. Serious(tls('tlsÍiron about the possibiritles to go on with the activities. E.A. Ericssonback t.<.r Stot'kholrn' Retrenchment policy. Operating .l.oss of gg.4sg guilders.l9lt4. opcral. ing l()ss ()Í' I03.l0l 13uildcrs. Tolriass()n successor of WalIin.lÍ)35 operating loss 39.144, Van Rossem succeeds Tobiasson. Thorelli H. Johansson1937 Loss 3 43b"i939 wester suc(:eeds Klenrmrng, p.c»fit of Lo.3sz,oz, sales l.lgg.ooo,-.t.94(,--.i 9_45. Of ct-rurse rlif f icu.l t years, low gales.194-5: H. E ricrson on the Board. Exchange del lveries

"19_4-6 ; Net sal es 2 . S6U . OOO gui I dersl9*-5-] : lncrease of share capital f rom 15O. OOO to 45O. oo0 guilders . prof it about

1OO.O0O guilders, L2lo cash dividend, start crossbar.Turn-over for the first time above 10 million guilders.Van Rossem chairman of the Board, succeeds Blickman who"stays as normalmember of the Board.

1953:

r t( *r:,{,rtl lt.ltllu(f Íilt}rtrl[.,( rl.lf]1./ll !ly

*') *

In the general meeting of sharehcllders held on June 2s, 1gs3, Mr.M.c. de Jong(48) is appointed Director of the Board of ETM. Mr. T.A. Lundelr retired andÀIr' Blickman will' not, due to age, be re-erected delegated member oÍ the board.In this situation the shareholders'meeting appoi"nts Mr. de J,ng deregatedmember for a period of S years.

The first time that Mr. de Jong takes part in the work is in the 51st meetingon July 7, 1954.rn the shareholders neeting the saure day s-T. 8uo"g replaced the rate H. EricsonThorelli retires and c. Berglund takes his seat. The composition of the Boardi s l. lrr:n : v&Il Ro.ssert (t'hu i rnruD) , de Jong (delegatod mernber) , Bl icknan, Haga(Amstcrdtrrnsche tsank), HuIt, lberg and Berglund.Remark: Haga will in 1957 be succeeded by Nijenbandring de Boer, who was thepredecessor of K-H. Beyen (until 1gZ1).

1955: Board-ueeting. After discussion dividend-proposaL lS% Suerg informs abouta preliminary pran to extend the factory because of the increase of order-vorume' The factories of the mothercompany are overloaded. Arso posslblethat ETM wilI export products manufactured in Rijen.Haga: interest on a long*term loan is 3 g/4% à 4%. If necessary LME iswilling to act as a guarantor.shareholders meeting. Blicknan retired after almost 3s years on the Board.Noverraz, former sol-e managing director, now co-director with Badon Ghijben,retires, having reached the penionable age. Noverraz has been in the serviceof the company since the start and managing director since 1g3g.

Board-meeting: De Jong makes remarks about too Low calculated prices (un-absorbed burden of 2Lo.o0o,-). Good prospects. orders expected for 12.ooolines ARF in Dordrecht and 6.000 lines in Gouda (first orders outside thecity of Rotterdam). Take advantages of the rower wage level i.n Holrandand nanufacture in Rijen. Extension of the factory, estinated costs s millionguilders. Amsterdansche Bank i.ncreases credi.t fron goo.000 to 1.ooo.ooo.Haga retires, Nijenbandring de Boer takes hls seat. Dlvidend 15%. rssue oftr«rnus shure capi tul 2. o00. ooo (maxlmum accor<I lng Lo statutes). lnvestmentrestrictions by PTT- Number of workers decreased from 3o5 to about 225.

Dividend g% ot 2.ooo.oo0. PTT postpor,." o"o."". sales of Radiola radiosterminated.

1956:

1959 : Order situat ion improves

r960: change ln the statutes: maxlmun share caprtal Lo.ooo.ooo guirders, paid3. 000. oo0.

1961: Dividencl L2%, SaI es .

share caplt al to 4 . OOO. OOO .ï962: Increase

1957:

1958:

19-4.?'Board.Board-meet ing Novernberalso present after anthe Rotterdam dist rictsy§tem.

1964 : Liquiclity improved.

7, 1963. Fock takes pert for the {irst time, Rbergillness period. Manegement must try to come outsidewith ARF before ITT comes with their Pentaconta-

Van Rossem died, Fock appointed as his successor, de Jong chairman of the

,i,1i f',i,.lt|.;lirllrl.li:r íl.rl)l:ll llv

Slrare capital 5.OOO.OOO, divldend LZlo. Confirmation that pTT will orderAKE 13 equipuent for the 2nd district exchaíge in Botterdan. Agreementwith PTT for the manufacture of the teleptronl tnetrument T65 (of l{ronedesign)

*3-

1965:

l_9§-ti : Branclsrna deput y gene ralthe ltot,terclanr dist r.ict .

lnc t"caÍie share capi t.aIsalus.

r967:

manager. AK§ 13 our only chanceResults over 1965 satisfying.

to 6.0OO. OOO. plan to reorseniu e

to come outstde

the prtvflte merket

of the Board.in the so f tware

Badon Ghi jben ret i resBrandsma ne\y generalfor AKE 13.

as general manager, appointed directormanager, schuj-tz deputy-manager. Delay

1_9_68 : 74,'1, di v idend .

employees I ef tshar:e capital

19Íi9: Increase strareelrrn i ve rs a ry .

1970:

1 s7_l : N i s enrrandrr,rË",rBBfï.,.,successor. InÍruguration0n December. ZZ.

1972:

Re.organisatio, of private market salee completecl, eightthe company. Satisfying sales and production. Increasefrom 6.OOO.OOO to 8.OOO.OOO mtltion guilders.capital to 8.5OO.OOO. plans for ceLebration of b0_years

Plans for a new office building. sales for 1gz0 will exceed for the firsttime 50 million guilders' 5o-yàars celebrati,n postponed a harf year becauseof rnr. Brandsmas illness -Board-meeting November 24, Lglo. Mr. Brandsma died on November LZ, 1g7o at;Ïj:; .ot

62' schultz appointed general nanager, van Bruggen viee-general

re-e1 ec t ion for reasons of BB€,of the district exchange II at

Beyen elected as hislfaalhaven, Rotterdam

Changes in Dutch corporate law. Recommeqdation to transform into B.V.status.rncrease of capital stock to to rntlrion guiroersl ffi;;^]ijrËÏj r"" reasonsof heaLth. Sundkvis.E and Strörn new members.Building prans at Rijen approved (new office buirding and extension of thefactory) ' A foan of 8 milrion guiLders from the ,,Nationale Bank voorMiddellang Krediet" and L7z o,títion of ETM finance the project. The condi-tions for the loan rather favourable. N.B.IU.K. belongs to Amsterdam_Rotterdam Bank.on December 15' Lg72, in the 85th board-meeting, the company becomes a B.v.havÍng a board of 6 supervisory directors, orr.tl""s than the present number.Badon Ghijben retires from the board. The new B.V.-board: Hurt, Beyen,§undkvist, Foek, ström, de Jong (areo chairman and delegeted rnember).

on May 10, prr cerebrates the 50-years anniversary of Rotterdam Exchangewest. 16% dividend. End February-beginning Aprir. 40.ooo production hourswere lost due to the "metal-strike". PTT pouipor,." some."investments plannedtor Le74. 3o ernprovees in the instalratio; de;a;.r."ï*i;^;;;;;ï", have tofï":::""sed

at the end of the vea!". Butlding proJecr proceeds according to

1973:

t , ,'if ,i r lt-:lt:lrl(rlttllrl"ll:.,r.llrl[.]lrll l)v I

-4*

197.1 : Uncertainty about investments, PTT c&utiorrs.OfficÍal opening of the new buildlngs in RiJen on May 8. HuIt retires after24 years, Mohlin appointed. Financial results for t974 exgected to be bad.Order for AKE-exchange in Dordrecht. Subcontracted manufacture for LII{E indiscussion. Net sales 59 milllon guilders.

LgTb Rationalization drive telephone instrunents, Cash funds blg, advanced payment

for goods fron LME to an amount of 7 rnlllion Sw.crowns againat 1O%. Net sales78,1 nri1 ! lons. Discussion with PTT about AXE starts.

192§: C(}le br.lrL i()rr r-rl the ccrrLcnrrtul of the m«rthorc«rntpstly. Plc«:ueclon about lncregFeof capital stock. Net sales 78,8. Appolntment of two dlrectors is dlgcussed.The 2nd AKE-exchange in Rotterdam was put into service in the beginning ofthe year. At the end of October an AKE sector exehange of 3.6OO nultipleswas put int6 service in Dordrecht. Discussions around the countrywideinstallatÍon of traffic route testers were flnalieed.

7gT: pTT decides to concentrate for the time being its studies on new telephonesystems to Ericsson and Philips. ETM budgetted salee tor L9'17 1OO nillionguilders.De Jong and Fock have to retire. Van Dijck and Hasseluran will be appointed.

De Jong has participated in all board-neetlngs except one, since he wasappointed in 1953, in total 52 meetingq including May 5, L977.Fock has also participated in all board-meeting except one, since he wasappointed in 1963, in totat 4O meetings, includlng May 5, t9'17,