STOCKHOLM, May 30, 2023 /PRNewswire/ -- Autoliv, Inc. (NYSE:
ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety
systems, has appointed Magnus Jarlegren, currently Executive Vice
President, Operations, as the next President Autoliv Europe
effective June 1, 2023. Magnus
Jarlegren succeeds Frithjof Oldorff
who will leave Autoliv to pursue new opportunities.
Magnus Jarlegren brings extensive experience from leading
development and change management in global operations and driving
operational excellence, leading the step change of the Autoliv
Production System and plant improvement.
"I thank Frithjof for his contributions over the past four years
and wish him well. Magnus's operational excellence experience will
be valuable in driving Autoliv Europe forward in a challenging
market environment," said Mikael
Bratt, President and CEO of Autoliv.
Magnus Jarlegren's direct report, Staffan Olsson, Vice President Seatbelt, will
serve as the acting Head of Operations.
Inquiries:
Investors & Analysts:
Anders Trapp, Tel +46 (0)8 587 206
71
Investors & Analysts: Henrik
Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Ekelund, Tel +46
(70) 612 64 24
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the
worldwide leader in automotive safety systems. Through our group
companies, we develop, manufacture and market protective systems,
such as airbags, seatbelts, and steering wheels for all major
automotive manufacturers in the world as well as mobility safety
solutions, such as pedestrian protection, connected safety services
and safety solutions for riders of powered two wheelers. At
Autoliv, we challenge and re-define the standards of mobility
safety to sustainably deliver leading solutions. In 2022, our
products saved close to 35,000 lives and reduced more than 450,000
injuries.
Our close to 70,000 associates in 27 countries are passionate
about our vision of Saving More Lives and quality is at the heart
of everything we do. We drive innovation, research, and development
at our 14 technical centers, with their 20 test tracks. Sales in
2022 amounted to US $ 8.8 billion.
For more information go to 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.
The following files are available for download:
https://mb.cision.com/Main/751/3776578/2091138.pdf
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Magnus Jarlegren named
the next President of Autoliv Europe
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