Autoliv Appoints New Chief Financial Officer
November 25 2015 - 2:08AM
Business Wire
Regulatory News:
Autoliv, Inc. (NYSE:ALV, and SSE:ALIV sdb) the worldwide leader
in automotive safety systems, has appointed Mats Backman as Group
Vice President and Chief Financial Officer.
Mr. Backman brings more than 20 years of experience from
different industries to Autoliv. Mr. Backman will assume his
position with Autoliv during the first half of 2016. In his
position he will lead the Company’s financial strategy in next
growth and transition phase. He is currently Chief Financial
Officer of Sandvik Group, which he first joined in 2007 and has
been its CFO since 2013.
After thirteen years with the Company, whereof seven years as
Chief Financial Officer, Mats Wallin, will leave his position to
pursue other opportunities based on a mutual agreement with
Autoliv. Mats will remain in his current position until his
successor joins Autoliv.
“I would like to welcome Mats Backman to Autoliv, his experience
and competence will be very important for Autoliv’s next
development and transition phase. Mats Wallin has played a key role
in increasing the company value by 4 times since he became CFO in
2009. I would like to sincerely thank him and wish him all the best
for his future endeavours,” said Jan Carlson, Chairman, President
and CEO, Autoliv.
Please see attached photo of Mr. Mats Backman
About Autoliv
Autoliv, Inc., the worldwide leader in automotive safety
systems, develops and manufactures automotive safety systems for
all major automotive manufacturers in the world. Together with its
joint ventures, Autoliv has close to 80 facilities with more than
60,000 employees in 28 countries. In addition, the Company has ten
technical centers in nine countries around the world, with 21 test
tracks, more than any other automotive safety supplier. Sales in
2014 amounted to US $9.2 billion. The Company's shares are listed
on the New York Stock Exchange (NYSE: ALV) and its Swedish
Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV
sdb). 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. The Company undertakes no obligation to
update publicly or revise any forward-looking statements in light
of new information or future events. 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 any such statement.
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Autoliv Inc.Thomas J�nsson, GVP Corporate CommunicationsTel
+46-8-587 20 627
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