Autoliv (NYSE: ALV) appoints new CFO and renews euro debt programme
Rhea-AI Filing Summary
Autoliv, Inc. announced that its Board appointed Monika Grama as Chief Financial Officer and Executive Vice President, Finance, effective April 1, 2026, succeeding Fredrik Westin, who leaves on March 31, 2026. Grama has held senior finance and leadership roles within Autoliv’s EMEA division and Autoliv Romania since 2009.
Her employment agreement includes a lump-sum severance equal to 1.5 times base salary upon certain qualifying terminations, subject to a settlement agreement with release and restrictive covenants. Autoliv also renewed its Euro Medium Term Note Programme for one year, allowing future note issuances of up to €3,000,000,000, unconditionally and irrevocably guaranteed by Autoliv ASP, Inc., to non-U.S. investors under Regulation S. The communication emphasizes that it is not an offer to sell securities.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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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):
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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. |
On March 6, 2026, Autoliv, Inc. (the “Company”) announced the appointment of Monika Grama as the Company’s new Chief Financial Officer and Executive Vice President, Finance, to be effective April 1, 2026. Ms. Grama succeeds Fredrik Westin who will be leaving the Company, as previously announced, on March 31, 2026.
Ms. Grama is currently serving as Vice President, Finance of the Autoliv Europe Middle East and Africa (EMEA) division, a position she has held since 2020. Prior to that role, she served as Finance Manager and Managing Director of Autoliv Romania, one of Autoliv's largest production hubs globally, between 2011 and 2018 and continued as the Managing Director between 2019 and 2020. She first joined Autoliv in 2009 as controller of Autoliv Romania after beginning her career with Mondelez Romania and serving as Controlling Manager from 2006 through 2009. Ms. Grama holds a Bachelor's degree in Business Administration (International Economic Relations) from Transylvania University.
Ms. Grama entered into an employment agreement with the Company effective April 1, 2026 (the “Agreement”), which provides for the following key compensation and benefits:
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An annual base salary of 5,750,000 SEK; |
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An annual cash incentive opportunity with a target award equal to 45% of base salary, subject to achievement of performance goals; |
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Participation in the long-term incentive (LTI) program for similarly situated executives (with the LTI award granted in 2026 having a maximum grant date value of $200,000, pro-rated to match the portion of the year that Ms. Grama serves as Chief Financial Officer and Executive Vice President, Finance); |
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Support in connection with her relocation from Zug, Switzerland to Stockholm, Sweden, including temporary housing for up to three (3) years with a maximum annual benefit of 360,000 SEK; and |
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Participation in the Swedish pension scheme and private health insurance program, provision of a company car or allowance, and certain other perquisite and benefit programs on the same basis as similarly situated senior executives. |
In addition, upon a qualifying termination of Ms. Grama’s employment (which includes an involuntary termination without cause or a resignation by her for “good reason”), she is entitled to receive a lump sum severance payment equal to 1.5 times her base salary, subject to Ms. Grama’s entry into a settlement agreement, which shall include, for example, a general release of claims, non-competition provision, and other covenants.
The foregoing description of the Agreement is only a summary and is qualified in its entirety by reference to the full text of the Agreement, which will be filed as an exhibit to the Company’s Form 10-Q for the quarter ending March 31, 2026.
There are no family relationships between Ms. Grama and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer. Ms. Grama was not selected as the Company’s Chief Financial Officer and Executive Vice President, Finance pursuant to any arrangements or understandings with the Company or with any other person, and there are no related party transactions between Ms. Grama and the Company that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Company’s press release dated March 6, 2026 regarding Ms. Grama’s appointment is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 7.01 |
Regulation FD Disclosure. |
On March 6, 2026, the Company issued a release (the “Release”) announcing that it has renewed its Euro Medium Term Note Programme (the “EMTN Programme”). Under the EMTN Programme, Autoliv may issue, from time to time, notes guaranteed by Autoliv ASP, Inc. (the “Guarantor”) in the equivalent amount of up to EUR 3,000,000,000 in various currencies. The EMTN Programme was renewed for a period of one year. A copy of the Release is furnished herewith as Exhibit 99.2.
Notes issued under the EMTN Programme have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Act”), will only be offered and sold outside the United States to non-U.S. persons in offshore transactions in reliance on Regulation S under the Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements under the Act.
The information in this Current Report on Form 8-K (including Exhibit 99.2) is being furnished and shall not be deemed
to be “filed” for purposes of Section 18 of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Act or the Exchange Act, regardless of any general incorporation language in such filing.
This Current Report on Form 8-K shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, including any securities of Autoliv or the Guarantor.
Item 9.01 Financial Statements and Exhibits.
(d) EXHIBITS
99.1 |
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Press Release of Autoliv, Inc. dated March 6, 2026 (CFO Appointment) |
99.2 |
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Press Release of Autoliv, Inc. dated March 6, 2026 (EMTN Renewal) |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
EXHIBIT INDEX
Exhibit No. |
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Description |
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99.1 |
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Press Release of Autoliv, Inc. dated March 6, 2026 (CFO Appointment) |
99.2 |
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Press Release of Autoliv, Inc. dated March 6, 2026 (EMTN Renewal) |
104 |
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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.
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AUTOLIV, INC |
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/s/ Anthony J. Nellis |
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Anthony J. Nellis |
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Executive Vice President, Legal Affairs and General Counsel |
Date: March 11, 2026
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PRESS RELEASE
Exhibit 99.1
Autoliv announces appointment of new CFO
(Stockholm, Sweden, March 6, 2026) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announces that its Board of Directors appointed Monika Grama as the next Chief Financial Officer and Executive Vice President, Finance of the Company.
Monika Grama has served as the Vice President, Finance of the Autoliv Europe Middle East and Africa (EMEA) division since 2020. Monika Grama joined Autoliv in 2009 and, prior to her current role, she served as Finance Manager and Managing Director of Autoliv Romania. Monika Grama has played a vital role in contributing to the development and transformation of the Autoliv EMEA division.
“Monika Grama has been a valuable member of the Autoliv EMEA team, and I am very happy to welcome her to the Autoliv Executive Management Team bringing valuable knowledge and perspectives. Her extensive experience from multiple leadership roles in finance coupled with her strong management and transformation experience will be a great asset to Autoliv as we pursue our strategic goals” said Mikael Bratt, President and CEO of Autoliv.
Monika Grama succeeds Fredrik Westin who will leave Autoliv on March 31, 2026.
Mikael Bratt continued, "I thank Fredrik Westin for his valued contribution to Autoliv in a period of intense business transformation and I wish him all the best in the future."
The change is effective April 1, 2026.
Inquiries:
Media: Gabriella Etemad, Tel +46 (70) 612 64 24
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 15:30 CET on March 6, 2026.
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sd.b) 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.
Autoliv Inc. Box 70381, 107 24 Stockholm Visiting address: World Trade Center, Klarabergsviadukten 70, D5, 111 64 Stockholm Phone: +46 (0)8 58720600
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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. 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
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PRESS RELEASE
Exhibit 99.2
Autoliv: Board of Directors approves renewal of EMTN Programme
(Stockholm, Sweden, March 6, 2026) – The Audit, Risk, and Compliance Committee of the Board of Directors of Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb) (the “Company”) approved on March 6, 2026 the renewal for one year of its €3,000,000,000 guaranteed euro medium term note programme (the “EMTN Programme”), which was originally established on April 11, 2019.
The renewal of the EMTN Programme will allow the Company to take advantage of the funding opportunities provided by the capital markets and institutional investors through the future issuance of notes (the “Notes”). The Notes issued by the Company under the EMTN Programme will be unconditionally and irrevocably guaranteed by the Company's subsidiary, Autoliv ASP, Inc. (the “Guarantor”).
The base listing particulars dated March 6, 2026 (the “Base Listing Particulars”), which has been prepared by the Company and the Guarantor in connection with the EMTN Programme, has been approved by Euronext Dublin and is available for viewing on the website of Euronext Dublin (http://www.ise.ie).
Inquiries
Treasury: Par-Ola Wirenlind, Tel +46 (0) 70 303 3278
Media: Gabriella Etemad, Tel +46 (0) 70 612 6424
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sd.b) 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.
Important Information
NOTHING IN THIS COMMUNICATION CONSTITUTES AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES
Autoliv Inc. Box 70381, 107 24 Stockholm, Sweden Visiting address: World Trade Center, Klarabergsviadukten 70, D5, 111 64 Stockholm Phone: +46 (0)8 587 20600 E-mail: gabriella.etemad@autoliv.com
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REFERRED TO IN THE BASE LISTING PARTICULARS (THE “SECURITIES”) HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND THE SECURITIES MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS.
Safe Harbor Statement
This communication 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. For any forward-looking statements contained in this communication 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, Sweden
Visiting address: World Trade Center,
Klarabergsviadukten 70, D5, 111 64 Stockholm
Phone: +46 (0)8 587 20600
E-mail: gabriella.etemad@autoliv.com
FAQ
What leadership change did Autoliv (ALV) announce in this 8-K?
What are the key terms of Monika Grama’s CFO employment agreement at Autoliv (ALV)?
Did Autoliv (ALV) disclose any related party transactions involving new CFO Monika Grama?
What is Autoliv’s renewed Euro Medium Term Note Programme and its size?
Are notes under Autoliv’s EMTN Programme offered to U.S. investors?
Where can investors find more information on Autoliv’s EMTN Programme renewal?
What recent financial scale did Autoliv (ALV) report in the press materials?
Filing Exhibits & Attachments
3 documentsPress Releases
