Autoliv (NYSE: ALV) Americas president to resign; interim leader named
Rhea-AI Filing Summary
Autoliv, Inc. announced that Kevin Fox plans to resign as President, Autoliv Americas. He will remain in his current role through August 31, 2026, then serve as executive senior advisor to the CEO until February 28, 2027 to support the leadership transition.
The company states his departure is for personal reasons and not due to any disagreement with Autoliv. A recruitment process has begun for his successor. During the interim period after August 31, 2026, Anthony Nellis, EVP Legal Affairs, General Counsel and Secretary, will act as President, Autoliv Americas, and his base salary will increase by 30% while he holds the acting role.
Positive
- None.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
executive senior advisor financial
acting President, Autoliv Americas financial
Executive Management Team financial
forward-looking statements regulatory
Private Securities Litigation Reform Act of 1995 regulatory
safe harbor regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
||
|
|
|
|
|
|
||||
|
||||
(Address of Principal Executive Offices) |
|
(Zip Code) |
||
|
(Registrant’s Telephone Number, Including Area Code) |
|
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
|
|
Trading |
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Kevin Fox notified Autoliv, Inc. (the “Company”) on June 24, 2026 of his intent to resign from his position as the President, Autoliv Americas.
As set forth in an amendment to his employment agreement, Mr. Fox will remain in his current position through August 31, 2026, and thereafter will serve as executive senior advisor to the Chief Executive Officer of the Company through February 28, 2027 to support with the transition to his successor, unless otherwise agreed by the parties. The departure is not due to any disagreement between Mr. Fox and the Company.
Per the terms of his employment agreement, as amended, Mr. Fox is entitled to his normal compensation through the duration of his employment.
The recruitment process for the successor President, Autoliv Americas has been initiated. Mr. Anthony Nellis, EVP Legal Affairs, General Counsel, and Secretary of the Company, will serve as the acting President, Autoliv Americas after August 31, 2026 until a successor is appointed. As set forth in an addendum to his employment agreement, during the period when Mr. Nellis serves as acting President, Autoliv Americas, his base salary shall be increased by 30%.
A copy of the press release issued by the Company on June 26, 2026 is filed as Exhibit 99.1 to this report and is incorporated herein by reference. The foregoing description of the amendment to Mr. Fox's employment agreement and the addendum to Mr. Nellis' employment agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment and the addendum, respectively, which will be filed as exhibits to the Company’s Quarterly Report on Form 10-Q for the period ending June 30, 2026.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
99.1 |
|
Press Release of Autoliv, Inc. dated June 26, 2026. |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
EXHIBIT INDEX
Exhibit No. |
|
Description |
|
|
|
99.1 |
|
Press Release of Autoliv, Inc. dated June 26, 2026. |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
AUTOLIV, INC |
||
|
|
|
|
|
By: |
|
/s/ Anthony J. Nellis |
|
Name: |
|
Anthony J. Nellis |
|
Title: |
|
Executive Vice President, Legal Affairs and General Counsel |
Date: June 30, 2026
|
PRESS RELEASE
Exhibit 99.1
President, Autoliv Americas to Resign
(Stockholm, Sweden, June 26, 2026) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that Kevin Fox has notified the Company that he is resigning as the President, Autoliv Americas for personal reasons. He remains in his current position through August 31, 2026, and thereafter will serve as executive senior advisor to the CEO through February 28, 2027, to support with the transition to his successor, unless otherwise agreed by the parties.
Mikael Bratt, President and CEO of the Company, said: “We sincerely thank Kevin for his 30 years of service to Autoliv, both in the United States and in Brazil, including particularly the six years he served on the Executive Management Team. Kevin has built a great team which will continue to drive the division’s performance. He will be missed and we wish him the best as he retires and turns his focus to personal priorities.”
Mr. Fox joined Autoliv in 1996 and has held the position as President, Autoliv Americas since June 2020. Mr. Fox stated: ”It has been my privilege to lead the Autoliv Americas division and team. I am proud to have served much of my career in Autoliv, and it is with some sadness that I have made this decision to retire and focus on personal pursuits. I leave with deep appreciation for what we have created together, and I wish Autoliv all the best as they continue to be fully aligned with and execute on Autoliv’s vision and strategy.”
The recruitment process for the successor President, Autoliv Americas will be launched immediately. Mr. Anthony Nellis, EVP Legal Affairs, General Counsel, and Secretary, will serve as the acting President, Autoliv Americas after August 31, 2026 until a successor is appointed. Mr. Nellis is a member of the Executive Management Team, his primary office is located at the Autoliv Americas headquarters, and he is well prepared to lead the Americas division during this transition given his prior experience as a member of the Americas leadership team.
Inquiries:
Investors & Analysts:
Anders Trapp, Tel +46 709 578 171, Henrik Kaar, Tel +46 709 578 114
Media: media@autoliv.com
Gabriella Etemad, Tel +46 70 612 64 24, Emelie Ericson, Tel +46 70 957 81 35
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 commercial vehicles and electrical safety solutions. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2025, our products saved approximately 40,000 lives and reduced around 600,000 injuries.
We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 64,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2025 amounted to $10.8 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
Autoliv Inc. Box 70381, 107 24 Stockholm Visiting address: World Trade Center, Klarabergsviadukten 70, D5, 111 64 Stockholm Phone: +46 (0)8 58720600
|
|
|
|
|
|
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.
Autoliv Inc. Box 70381, 107 24 Stockholm Visiting address: World Trade Center, Klarabergsviadukten 70, D5, 111 64 Stockholm Phone: +46 (0)8 58720600
|
|
|