Autoliv Announces Departure of Chief Financial Officer
Autoliv (NYSE: ALV), the global leader in automotive safety systems, announced that Chief Financial Officer and Executive Vice President, Finance Fredrik Westin will resign from his position. Westin, who joined Autoliv in March 2020, will remain in his role until December 31, 2025, unless otherwise agreed, as he pursues a new position in continental Europe.
The company has initiated the recruitment process for a new CFO. In 2024, Autoliv reported sales of $10.4 billion and its safety products saved nearly 37,000 lives and reduced more than 600,000 injuries. The company operates in 25 countries with 65,000 employees and maintains 13 technical centers focused on innovation, research, and development.
Autoliv (NYSE: ALV), leader mondiale nei sistemi di sicurezza automobilistica, ha annunciato che il Direttore Finanziario e Vice Presidente Esecutivo, Finanza Fredrik Westin si dimetterà dalla sua posizione. Westin, entrato in Autoliv nel marzo 2020, rimarrà nel suo ruolo fino al 31 dicembre 2025, salvo diverso accordo, mentre si prepara a intraprendere una nuova posizione in Europa continentale.
L'azienda ha avviato il processo di selezione per un nuovo CFO. Nel 2024, Autoliv ha registrato vendite per 10,4 miliardi di dollari e i suoi prodotti di sicurezza hanno salvato quasi 37.000 vite e ridotto oltre 600.000 infortuni. L'azienda opera in 25 paesi con 65.000 dipendenti e dispone di 13 centri tecnici dedicati all'innovazione, alla ricerca e allo sviluppo.
Autoliv (NYSE: ALV), líder mundial en sistemas de seguridad automotriz, anunció que el Director Financiero y Vicepresidente Ejecutivo de Finanzas Fredrik Westin renunciará a su cargo. Westin, quien se unió a Autoliv en marzo de 2020, permanecerá en su puesto hasta el 31 de diciembre de 2025, salvo acuerdo en contrario, mientras busca una nueva posición en Europa continental.
La compañía ha iniciado el proceso de reclutamiento para un nuevo CFO. En 2024, Autoliv reportó ventas por 10.4 mil millones de dólares y sus productos de seguridad salvaron cerca de 37,000 vidas y redujeron más de 600,000 lesiones. La empresa opera en 25 países con 65,000 empleados y cuenta con 13 centros técnicos enfocados en innovación, investigación y desarrollo.
Autoliv (NYSE: ALV)는 자동차 안전 시스템 분야의 글로벌 선두주자로서, 최고재무책임자(CFO) 겸 재무 담당 부사장인 Fredrik Westin이 사임할 것이라고 발표했습니다. 2020년 3월 Autoliv에 합류한 Westin은 유럽 대륙에서 새로운 직책을 맡기 위해 2025년 12월 31일까지 현재 직무를 유지할 예정이며, 별도의 합의가 없는 한 그 기간까지 근무할 것입니다.
회사는 새로운 CFO 채용 절차를 시작했습니다. 2024년 Autoliv는 104억 달러의 매출을 기록했으며, 자사의 안전 제품은 약 37,000명의 생명을 구하고 60만 건 이상의 부상을 줄였습니다. 회사는 25개국에서 65,000명의 직원을 두고 있으며, 혁신, 연구 및 개발에 중점을 둔 13개의 기술 센터를 운영하고 있습니다.
Autoliv (NYSE : ALV), leader mondial des systèmes de sécurité automobile, a annoncé que le directeur financier et vice-président exécutif des finances, Fredrik Westin démissionnera de son poste. Westin, qui a rejoint Autoliv en mars 2020, restera en fonction jusqu'au 31 décembre 2025, sauf accord contraire, alors qu'il envisage un nouveau poste en Europe continentale.
L'entreprise a lancé le processus de recrutement pour un nouveau directeur financier. En 2024, Autoliv a réalisé un chiffre d'affaires de 10,4 milliards de dollars et ses produits de sécurité ont permis de sauver près de 37 000 vies et de réduire plus de 600 000 blessures. La société est présente dans 25 pays avec 65 000 employés et dispose de 13 centres techniques dédiés à l'innovation, à la recherche et au développement.
Autoliv (NYSE: ALV), der weltweit führende Anbieter von Fahrzeugsicherheitssystemen, gab bekannt, dass der Finanzvorstand und Executive Vice President Finance Fredrik Westin zurücktreten wird. Westin, der im März 2020 zu Autoliv kam, wird bis zum 31. Dezember 2025 in seiner Position bleiben, sofern nichts anderes vereinbart wird, da er eine neue Position in Kontinentaleuropa anstrebt.
Das Unternehmen hat den Rekrutierungsprozess für einen neuen CFO eingeleitet. Im Jahr 2024 erzielte Autoliv einen Umsatz von 10,4 Milliarden US-Dollar und seine Sicherheitsprodukte retteten fast 37.000 Leben und verringerten über 600.000 Verletzungen. Das Unternehmen ist in 25 Ländern mit 65.000 Mitarbeitern tätig und unterhält 13 technische Zentren, die sich auf Innovation, Forschung und Entwicklung konzentrieren.
- Company maintains strong market position as worldwide leader in automotive safety systems
- Orderly transition period with CFO remaining until December 31, 2025
- Significant global presence with operations in 25 countries and 13 technical centers
- Strong 2024 performance with $10.4 billion in sales
- Unexpected departure of CFO after 5-year tenure
- Potential disruption in financial leadership during transition period
- Loss of executive who guided company through challenging period in global automotive industry
Mikael Bratt, President and CEO of the Company, said, "We sincerely thank Fredrik for his valuable contributions to Autoliv and the executive management team over the past five years which has been a particularly challenging period for the global automotive industry. We wish him and his family all the best as they relocate."
The recruitment process for the successor Chief Financial Officer will be launched immediately.
Inquiries:
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
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 14:10 CET on June 30, 2025.
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 2024, our products saved close to 37,000 lives and reduced more than 600,000 injuries.
We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 65,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2024 amounted to
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.
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