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Veoneer’s Chief Technology Officer will leave the Company to pursue new career opportunity

Mr. Batra joined Veoneer in November 2018 from Ericsson and will leave in January to return to the telecommunications industry as Chief Strategy & Technology Officer for Nokia Corporation

The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), today announced that the Company’s Chief Technology Officer, Nishant Batra, has decided to leave the Company to pursue a new career opportunity.

Mr. Batra joined Veoneer in November 2018 from Ericsson and will leave in January to return to the telecommunications industry as Chief Strategy & Technology Officer for Nokia Corporation and will relocate to the United States. Giuseppe Rosso, Veoneer’s current Vice President Systems & Software will be appointed Acting Chief Technology Officer of Veoneer upon Mr. Batra’s departure. A permanent replacement will be communicated at a later date.

“I would like to thank Nishant Batra for his strong contributions to Veoneer. During his time with the Company we have defined a competitive, long-term technology roadmap for Veoneer which we are now implementing. I respect his decision to return to the United States and the telecommunications industry,” said Jan Carlson, Chairman, President and CEO, Veoneer.

“I am proud of my time at Veoneer and I wish the Company all the best for the future. Veoneer is very well positioned in ADAS and automation, one of the strongest growth trends in the automotive industry. For me, it is a personal decision to return to the United States and the telecommunications industry. I would like to thank all of my Veoneer colleagues for more than two years of great cooperation,” said Nishant Batra, Chief Technology Officer, Veoneer.

SOURCE: Veoneer

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