Autoliv, Inc. (NYSE: ALV, and SSE: ALIV sdb) the worldwide leader in automotive safety systems, has appointed Mikael Bratt as President of its Passive Safety business.
Mikael Bratt will assume his position with Autoliv during the first half of 2016. Mr. Bratt has spent almost 30 years with Volvo Group and is currently employed at Volvo Group as EVP Group Trucks Operations and is a member of the group executive management team. Prior to his current position, he served as Chief Financial Officer of the Volvo Group. In his current position, he manages a team of 35,000 people, 50 factories, 60 distribution centers and an annual turnover of approximately 18 BUSD.
As previously announced, George Chang, current President of Passive Safety, has decided to leave Autoliv to pursue other activities outside the automotive sector. To assist in the transition, he will remain in his current position until his successor joins Autoliv during the first half of 2016.
“I would like to welcome Mikael Bratt to Autoliv, his long industry experience from both financial and operational positions will add value and be important to Autoliv’s next development phase,” said Jan Carlson, Chairman, President and CEO, Autoliv.
