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Autoliv Announces Departure of Frithjof Oldorff, President, Autoliv Europe

Published 06/02/2023, 07:04 AM
Updated 06/02/2023, 07:06 AM
Autoliv (ALV) Announces Departure of Frithjof Oldorff, President, Autoliv Europe

On May 30, 2023, Autoliv (NYSE:ALV) and Frithjof Oldorff, the Company’s President, Autoliv Europe, mutually agreed that Mr. Oldorff will step down as the Company’s President, Autoliv Europe, effective May 31, 2023. Mr. Oldorff will receive the severance and other termination benefits described for a termination without cause under his employment agreement with the Company, the terms of which have been previously disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 23, 2023, which description is incorporated herein by reference. A copy of the press release dated May 30, 2023 regarding the departure of Mr. Oldorff is filed as Exibit 99.1 to this report and is incorporated herein by reference.

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