STOCKHOLM, May 08, 2017 /PRNewswire/ --
Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide
leader in automotive safety systems, announced that Ms.
Aicha Evans, a member of the Board
of Directors, will not stand for re-election to the
Board.
On May 6, 2017, Ms. Aicha Evans informed the Board of Directors of
the Company that she has decided to not seek re-election to the
Board at Autoliv's 2017 annual general meeting of stockholders
("Annual Meeting"), to be held on May
9, 2017. Ms. Evans determined that she will not
continue her service on the Board due to changes in her current
professional responsibilities. Ms. Evans will withdraw her name as
a nominee for re-election to the Board and all votes submitted with
respect to Ms. Evans will be disregarded. Her service to the Board
will end at the conclusion of the Annual Meeting.
The Board is not nominating a director to replace Ms. Evans for
election at the Annual Meeting. Accordingly, the Board will reduce
its size to nine, effective immediately following the closing of
polls for the election of directors at the Annual Meeting. As
previously announced, the Board earlier took action to reduce its
size in connection with Mr. George A.
Lorch retiring and not standing for re-election at the
Annual Meeting.
Ms. Evans has served as a director since February 2015. Autoliv thanks Ms. Evans for her
dedicated service to the Company and wishes her well in her future
endeavors.
Inquiries:
Thomas Jönsson,
Group Vice President Communications.
Tel +46 (0)8-58-72-06-27
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SOURCE Autoliv