STOCKHOLM and SHANGHAI, Dec. 16,
2021 /PRNewswire/ -- Autoliv, Inc. (NYSE: ALV)
and (SSE: ALIVsdb), the worldwide leader in automotive safety
systems, appoints Sng Yih as new President of Autoliv China and
member of the Autoliv executive management team. Sng Yih will join
Autoliv at the end of January 2022
and succeed Jennifer Cheng who
retired in November. Ms. Cheng continues as Senior Advisor to the
CEO and will assist with the transition.
Mr. Sng Yih is an automotive industry veteran with extensive
experience in leading large organizations, achieving customer
satisfaction, and generating value. He brings a broad functional
experience and a background of creating the most favourable
conditions possible for both internal and external partners.
"I am very pleased to welcome Sng Yih, who I expect will bring
valuable knowledge and perspectives to Autoliv. The Autoliv China
team, under the leadership of Jennifer
Cheng, has been essential for our development in
China. Autoliv China is a
high-performing division which Jennifer
Cheng has done much to optimize as its leader. With her
retirement, we wanted a strong leader with a proven record of
automotive supplier business development experience. We believe Sng
Yih will lead Autoliv China to further success", said Mikael Bratt, President and CEO of Autoliv.
Mr. Sng Yih's most recent background is in leading roles at Lear
Corporation and Tenneco, both Tier 1 suppliers to the automotive
industry.
Mikael Bratt continued, "I'd like
to thank Jennifer Cheng for her
highly valued contribution to the success of Autoliv throughout her
career within the Group. She has played an important role in
building our strong position in China for over 15 years. I am happy that
Jennifer continues as a Senior Advisor throughout 2022 and will
assist us with the transition."
Inquiries:
Media: Gabriella Ekelund, Tel +46
(70) 612 64 24
Investors & Analysts: Anders
Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik
Kaar, Tel +46 (0)8 587 206 14
About Autoliv
Autoliv, Inc. is the worldwide leader in vehicle safety
systems, and through our subsidiaries we develop, manufacture and
market protective systems, such as airbags, seatbelts, steering
wheels and pedestrian protection systems for all major automotive
manufacturers in the world. In 2020, our products saved 33,000
lives and prevented ten times as many severe injuries.
Our more than 68,000 associates in 27 countries are
passionate about our vision of Saving More Lives and quality is at
the heart of everything we do. We have 14 technical centers, with
20 test tracks. Sales in 2020 amounted to US $ 7,447 million. The shares are listed on the New
York Stock Exchange (NYSE: ALV) and the Swedish Depository Receipts
on Nasdaq Stockholm (ALIV sdb). For more information go
to www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts
but rather forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements are based upon our current expectations,
various assumptions and data available from third parties. Our
expectations and assumptions are expressed in good faith and we
believe there is a reasonable basis for them. However, there can be
no assurance that such forward-looking statements will materialize
or prove to be correct as forward-looking statements are inherently
subject to known and unknown risks, uncertainties and other factors
which may cause actual future results, performance or achievements
to differ materially from the future results, performance or
achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those set out in the
forward-looking statements, including general economic conditions
and fluctuations in the global automotive market. For any
forward-looking statements contained in this or any other document,
we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995, and we assume no obligation to update publicly or
revise any such statements in light of new information or future
events, except as required by law.
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The following files are available for download:
https://mb.cision.com/Main/751/3473020/1510462.pdf
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Sng Yih
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