Autoliv Announces Appointment of New CFO

STOCKHOLM, Nov. 26, 2019 /PRNewswire/ -- Autoliv, Inc., the worldwide leader in automotive safety systems, (NYSE: ALV and SSE: ALIVsdb) today announced that its Board of Directors has appointed Fredrik Westin as Chief Financial Officer and Executive Vice President, Finance of the Company, to be effective no later than March 1, 2020.

Fredrik Westin will succeed Christian Hanke, Interim Chief Financial Officer, who will be leaving the Company to pursue another opportunity.  As previously noted, Mr. Hanke will remain with the Company through the filing of the Company's 2019 annual report to ensure a smooth transition.

Mr. Westin brings extensive international financial experience to Autoliv, most recently as Chief Financial Officer at Sandvik Mining and Rock Technology, The Netherlands. At Sandvik Mining and Rock Technology he was responsible for Finance, IT, Legal & Compliance, Sourcing and Customer Finance.

Mr. Westin began his career in engineering and operations within the Volkswagen Group, later moving on to equity research at WestLB and thereafter to financial leadership positions within Johnson Controls, where he led growth of businesses in Asia and Europe. He brings with him experience of financial transformations, operational finance, financial planning and analysis, mergers & acquisitions and IT implementations. Mr. Westin holds an MBA from Insead, France, and an MSc in Mechanical Engineering from RWTH Aachen, Germany.

"I would like to welcome Fredrik to Autoliv. His extensive experience and competence from international leadership roles in finance coupled with his strong business-focus will be a great addition to Autoliv in our future development" said Mikael Bratt, President and CEO of Autoliv.

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 8.00 CET on November 26, 2019.

About Autoliv

Autoliv, Inc. is the worldwide leader in automotive safety systems, and through our subsidiaries we develop, manufacture and market protective systems, such as airbags, seatbelts, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world. Our products save over 30,000 lives each year and prevent ten times as many severe injuries.