Autoliv Announces Departure of Chief Financial Officer

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Jan 08, 2019, 09:14 ET

STOCKHOLM, Jan 8, 2019 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that Mats Backman has decided to resign as the Chief Financial Officer to accept a similar position with another company. He remains in his current position until July 8, 2019, unless otherwise agreed by the parties.

Mikael Bratt, President and CEO of the Company, said, "We thank Mats for his valuable contributions to Autoliv and the executive management team over the past three years and wish him all the best in his new position."

Following Mr. Backman's departure, Christian Hanke, Vice President, Corporate Control, will serve as the Interim Chief Financial Officer until the search process for a permanent Chief Financial Officer is completed.

Inquiries:

Media: Stina Thorman, Tel +46-(0)-8-587-206-50

Investors & Analysts: Anders Trapp, Investor Relations, Tel +46-(0)-8-587-206-71

Investors & Analysts: Henrik Kaar, Investor Relations, Tel +46-(0)-8-587-206-14

This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 3 pm CET on January 8, 2019.

About Autoliv

Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 66,000 employees in 27 countries. In addition, the Company has 12 technical centers around the world, with 19 test tracks. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on Nasdaq Stockholm (ALIVsdb). For more information about Autoliv, please visit our company website at www.autoliv.com.

Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.

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Press release (PDF)

SOURCE Autoliv