The Board of Directors of the worldwide leader in automotive safety
systems, Autoliv, Inc. (NYSE:ALV)(SSE:ALIVSDB), today announced that it
has received notice from Mr Bo I Andersson of his intent to resign from
Mr. Andersson turns in his resignation in order to avoid the appearance
of any type of conflict of interest in connection with his plan to leave
his current position as President and CEO of GAZ Group and pursue a new
executive opportunity. The resignation will be effective on November 6,
Mr. Andersson has been a director of the Autoliv Board since 2012.
“I would like to extend my sincere and personal thanks to Bo Andersson
for his contributions to the Autoliv Board during the last two years.
Bo’s deep experience has been a real asset for the Autoliv Board during
his tenure with our company, and we wish him the best of success with
his future plans.” commented Jan Carlson, President and CEO, of 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 more than 80 facilities with over 55,000 employees in 29
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 2012 amounted to US $8.3 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.
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Copyright Business Wire 2013