Autoliv Appoints Adriana Karaboutis to its Board of Directors

Core Viewpoint - Autoliv, Inc. has appointed Ms. Adriana Karaboutis as an independent director to its Board of Directors, expanding the board from eleven to twelve members, effective immediately [1]. Group 1: Appointment Details - Ms. Karaboutis has a strong background in technology and leadership, having served as Group Chief Information and Digital Officer at National Grid PLC from 2017 to 2023 [2]. - She has held significant roles at Biogen Inc. and Dell, Inc., overseeing technology and business solutions [2]. - Her experience includes over 20 years at General Motors and Ford in various leadership positions related to manufacturing and information technology [3]. Group 2: Board Composition and Future Plans - The appointment of Ms. Karaboutis is seen as a valuable addition to the board during a dynamic period for Autoliv and the automotive industry, according to Jan Carlson, Chairman of the Board [4]. - Ms. Karaboutis's term will expire at the 2025 Annual General Meeting of Stockholders, at which point the board is expected to reduce back to eleven members with the retirement of Mr. Hasse Johansson [4]. Group 3: Company Overview - Autoliv is a leader in automotive safety systems, developing products such as airbags and seatbelts, and has saved 35,000 lives and reduced over 450,000 injuries in 2023 [6]. - The company reported sales of $10.5 billion in 2023 and operates with 70,000 associates across 25 countries [6].