Adriana Karaboutis Joins Autoliv Board of Directors
Adriana Karaboutis Joins Autoliv Board of Directors
Autoliv, Inc. (NYSE: ALV), a leader in automotive safety systems, is proud to announce the addition of a highly qualified independent member to its Board of Directors. This development signifies a step forward in Autoliv's commitment to enhancing its leadership team and adaptability in the rapidly evolving automotive safety sector.
New Board Member's Background
Ms. Adriana Karaboutis has been appointed as an independent director effective immediately. With a substantial career background, she brings invaluable expertise to the Board. Her most recent role was as the Group Chief Information and Digital Officer of National Grid PLC, a leading public utility company, where she contributed from 2017 to 2023. Before that, she played a pivotal role at Biogen Inc. as Executive Vice President overseeing Business Solutions and Corporate Affairs.
Ms. Karaboutis also served as Vice President and Global Chief Information Officer at Dell, Inc., from 2010 to 2014. Her extensive experience includes over two decades at iconic automotive firms, including General Motors Company and Ford Motor Company, where she held various leadership roles in technology and supply chain operations. This wealth of experience positions her as a strategic asset to Autoliv’s mission of improving vehicle safety.
Welcoming Remarks from the Chairman
Jan Carlson, Chairman of Autoliv's Board of Directors, expressed enthusiasm about Ms. Karaboutis's appointment, noting, "Her solid industry experience and leadership in public companies will fortify our board as we navigate an exciting time for Autoliv and the automotive industry." This sentiment underlines the importance of strategic leadership in driving innovation and safety in today’s automotive landscape.
Appointment Details
Ms. Karaboutis will serve on the Board until the 2025 Annual General Meeting of Stockholders. Her appointment expands the Board from eleven to twelve members, and with an anticipated reduction in board size following the retirement of Mr. Hasse Johansson, her expertise will be critical in guiding Autoliv through its next phase of growth.
Autoliv's Commitment to Excellence
As the world’s leader in automotive safety systems, Autoliv is dedicated to developing innovative solutions that protect lives. The company manufactures and markets a range of protective systems, including airbags, seatbelts, and other mobility safety solutions aimed at improving overall road safety. In 2023 alone, Autoliv's products helped save approximately 35,000 lives and prevent more than 450,000 injuries.
Company Vision and Goals
With a workforce exceeding 70,000 employees across 25 countries, Autoliv is dedicated to its vision of 'Saving More Lives.' Quality is integral to all operations, as evidenced by the innovative approaches taken at their 14 global technical centers. In the recent financial year, Autoliv reported sales of $10.5 billion, exemplifying the market's trust in their high-quality safety solutions.
Frequently Asked Questions
Who is Adriana Karaboutis?
Adriana Karaboutis is the newly appointed independent director of Autoliv's Board, bringing extensive experience from the technology and automotive sectors.
What role does Autoliv play in the automotive industry?
Autoliv is the worldwide leader in automotive safety systems, producing airbags, seatbelts, and other safety products for vehicles globally.
How does Autoliv ensure safety in its products?
Autoliv invests heavily in research and development, employing innovative practices at their technical centers to enhance vehicle safety.
What is Autoliv's annual sales figure?
In 2023, Autoliv reported sales of $10.5 billion, marking its stature as a market leader in automotive safety solutions.
What is the significance of Karaboutis’s appointment?
Karaboutis’s appointment to the Board strengthens Autoliv’s leadership and aligns with the company's commitment to evolving automotive safety and technology.
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