Autoliv Creates New COO Position, Announces Executive Appointments
STOCKHOLM, Sweden — The Board of Directors of Autoliv has appointed Benoit Marsaud to the newly created position of chief operating officer (COO). Marsaud, who currently is president of the company’s European operations, will report directly to the Autoliv Chief Executive Officer Lars Westerberg in his new role as COO. His appointment is effective Sept.
Autoliv Opens Engineering Center in Romania
Autoliv Inc., a global provider of automotive safety systems, has opened an engineering center in Romania that will develop electronics for European clients. After recently opening its first electronics plant and tech center in Shanghai to serve the Asian market, Autoliv is pursuing investments in other low cost countries for its electronics activities. To reduce cost, Autoliv began to move production to low-cost countries in 1999. As a result, the company currently has 45 percent of its headcount in these countries compared to less than 10 percent when this program started.
Autoliv Elects New Board Director
Autoliv Inc. has decided to increase the number of seats on its board of directors and to elect as a new director Robert Alspaugh, the former CEO of KPMG International, a global network of professional services firms providing audit, tax and advisory services. Alspaugh was also appointed to Autoliv’s Audit Committee where he replaces George Lorch, who was appointed to the company’s compensation committee.
Autoliv Raises Dividend by 33 Percent
Autoliv has increased its quarterly dividend to shareholders by 33 percent, from 15 to 20 cents per share. The dividend will be payable June 3 to stockholders of record on the close of business on May 6.
Lordstown Motors Announces Executive Appointments
The company announced several key executive appointments that further strengthen its senior leadership team.
Grand View Research: ADAS Market Worth $58.7B By 2030
Among the findings is the autonomous emergency braking system segment is estimated to expand at a CAGR of 21.0%.
Jan Carlson Slated for AB Volvo Board Membership
Currently, Carlson is president and CEO as well as board chairman of Veoneer Inc., and board chairman of Autoliv.
TI Fluid Systems Welcomes New CEO, Executive Committee Members
Hans Dieltjens will succeed William L. Kozyra, who will retire on Oct. 1, and step down from the board of directors.
ADAS, Autonomous Driving Component Market To Reach $66.23B Globally By 2030
However, reliability issues, rising cyber threats in autonomous vehicles, high cost associated with LiDARs, and lack of government rules and regulations in developing regions are limiting the market growth.
Marelli Appoints Chief People And Organization Officer
Sherry Vasa has spent her career working in the U.S., Asia/Pacific and Europe for Fortune 500 organizations.
