A Swedish company and one of the world's largest makers of automotive passive safety gear, Autoliv produces the airbags, steering wheels, and seatbelts that protect drivers in nearly every major car brand. It began in 1953 in Vårgårda, Sweden, when brothers Lennart and Stig Lindblad turned a small auto-repair shop toward safety, making their first seatbelt in 1956. The name blends "auto" with the Swedish word "liv," meaning "life"—fitting for a firm whose products save lives on the road.
Autoliv President of Americas Kevin Fox to resign; Anthony Nellis named acting President
Fox will remain in his current role through August 31, 2026, then serve as executive senior advisor to the CEO through February 28, 2027.
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Kevin Fox notified Autoliv on June 24, 2026, of his resignation as President, Autoliv Americas, for personal reasons.
Anthony Nellis, EVP Legal Affairs, General Counsel, and Secretary, will serve as acting President, Autoliv Americas after August 31, 2026, until a successor is appointed.
Nellis's base salary will increase by 30% during the period he serves as acting President, per an addendum to his employment agreement.
The departure is not due to any disagreement between Fox and the Company; Fox is entitled to normal compensation through his employment duration.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Autoliv to close Türkiye plants, take ~$142M pre-tax charge
Autoliv, Inc. approved a plan on May 8, 2026 to close its manufacturing plants in Türkiye that produce steering wheels, airbags, and seatbelts.
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The company expects a final pre-tax charge of approximately $142 million, mostly in Q2 2026, including $13 million non-cash from write-offs and $129 million cash for severance and retention.
Closures are due to EMEA manufacturing capacity exceeding future demand, with an estimated annual pre-tax benefit of $40 million beginning in 2027 and fully realized in 2028.
Approximately 2,200 employees in Türkiye are expected to be reduced upon completion; severance uses a projected exchange rate of 53 Turkish Lira per dollar.
At the May 7, 2026 Annual Meeting, stockholders elected nine directors, approved executive compensation advisory vote, and ratified Ernst & Young AB as auditor.
2.05 Costs Associated with Exit or Disposal Activities · 2.06 Material Impairments · 5.07 Submission of Matters to a Vote of Security Holders · 8.01 Other Events · 9.01 Financial Statements and Exhibits
Autoliv appoints Monika Grama as CFO and EVP Finance, effective April 1, 2026
Monika Grama will become Chief Financial Officer and Executive Vice President, Finance on April 1, 2026, succeeding Fredrik Westin, who departs on March 31, 2026.
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Grama currently serves as Vice President, Finance of Autoliv's EMEA division, a role she has held since 2020.
Her employment agreement provides an annual base salary of 5,750,000 SEK, a target cash incentive of 45% of base salary, and LTI participation with a 2026 grant value up to $200,000 pro-rated.
She will receive relocation support from Zug, Switzerland to Stockholm, including temporary housing up to three years with a maximum annual benefit of 360,000 SEK.
Upon qualifying termination, she is entitled to a lump sum severance of 1.5 times base salary, subject to a settlement agreement.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Autoliv directors Lundstedt and Kortüm to leave board at 2026 annual meeting
Franz-Josef Kortüm will also not stand for re-election due to reaching the mandatory retirement age, with his term expiring at the 2026 Annual Meeting.
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Martin Lundstedt notified the Board on February 19, 2026, that he will not stand for re-election, with his term ending at the 2026 Annual Stockholders Meeting.
Lundstedt's decision is not due to any disagreement with Autoliv, Inc.
The Board will reduce its size from eleven to nine members, effective immediately after the polls close at the 2026 Annual Meeting.
All other current Board members have been nominated for re-election at the 2026 Annual Meeting.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Autoliv CFO Fredrik Westin's resignation date amended to March 31, 2026
Westin will continue serving as EVP, Finance and Chief Financial Officer through March 31, 2026.
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Fredrik Westin, EVP Finance and CFO of Autoliv, Inc., agreed on December 29, 2025, to amend his resignation effective date from January 1, 2026, to March 31, 2026.
The recruitment of Westin's successor as CFO and EVP, Finance is ongoing.
Per his employment agreement, Westin is entitled to normal compensation through the duration of his employment.
The company filed a press release dated December 29, 2025, as Exhibit 99.1 to the 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits