Autoliv Appoints Adriana Karaboutis to Board

By Bobby Samwell • Wednesday, September 18 15:13 • Permanent Link

Autoliv, Inc. has made a significant addition to its board of directors by appointing Adriana Karaboutis as an independent director, effective immediately. With this addition, the company has expanded its board from eleven to twelve directors.

Ms. Karaboutis brings extensive industry experience, having served in leadership positions at prominent global companies. She most recently served as the Group Chief Information and Digital Officer of National Grid PLC, and prior to that, she held executive positions at Biogen Inc. and Dell, Inc. Ms. Karaboutis also has more than 20 years of experience at General Motors Company and Ford Motor Company, where she held various international leadership positions.

In addition to her corporate experience, Ms. Karaboutis has served on the boards of directors of several companies, including Perrigo Company PLC, Aon PLC, and Savills PLC. Her appointment to the Autoliv board is expected to bring valuable insights and guidance to the company.

Autoliv, Inc. is a global leader in automotive safety systems, specializing in the development, manufacturing, and marketing of protective systems for major automotive manufacturers worldwide. The company's commitment to innovation and safety is evident in its products, which saved 35,000 lives and reduced over 450,000 injuries in 2023.

The company's financial performance is also noteworthy, with sales amounting to $10.5 billion in 2023, reflecting its strong market presence and impact on automotive safety.

As Autoliv continues to navigate a dynamic time in the automotive industry, the addition of Ms. Karaboutis to its board of directors is expected to further strengthen the company's position and strategic direction.

The company's decision to appoint Ms. Karaboutis reflects its commitment to leveraging diverse expertise and experience to drive continued growth and innovation in the automotive safety sector. Following these announcements, the company's shares moved -0.5%, and are now trading at a price of $96.53. For more information, read the company's full 8-K submission here.

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