Autoliv, Inc., the worldwide leader in automotive safety systems, (NYSE: ALV and SSE: ALIVsdb) today announced the results of its annual general meeting of stockholders held today in Chicago, Illinois.
Annual General Meeting of Stockholders
The Company’s 2019 Annual General Meeting of Stockholders (AGM) voted for approval of the following proposals:
- The re-election of Mikael Bratt, Jan Carlson, Hasse Johansson, Leif Johansson, David E. Kepler, Franz-Josef Kortüm, Xiaozhi Liu, James M. Ringler and Thaddeus “Ted” Senko as directors of the Board for a one-year term ending at the 2020 AGM;
- Election of Min Liu as director of the Board. Ms. Liu is a Vice President of Cevian Capital AG, an affiliate of Cevian, Autoliv, Inc.’s largest stockholder. Prior to joining Cevian, Ms. Liu served as a principal of The Boston Consulting Group in Germany where she led multiple projects in a broad set of industries between 2004 and 2015. Ms. Liu has an MBA from Stanford University in addition to bachelor’s and master’s degrees in business information technology from Goettingen University.
- The non-binding, advisory resolution to approve the Company’s 2018 executive compensation for its named executive officers; and
- The ratification of the appointment of Ernst & Young AB as the Company’s independent auditing firm for the fiscal year ending December 31, 2019.
Committees of the Board
At the Board meeting held today, the Board approved changes to the membership of its committees, effective immediately, which are now composed as follows:
Audit Committee: Ted Senko (Chairman), Hasse Johansson, David E. Kepler and Min Liu
Leadership Development and Compensation Committee: James M. Ringler (Chairman), Leif Johansson, Min Liu and Xiaozhi Liu
Nominating and Corporate Governance Committee: Leif Johansson (Chairman), Franz-Josef Kortüm, Xiaozhi Liu and James M. Ringler
Risk and Compliance Committee: David E. Kepler (Chairman), Hasse Johansson and Ted Senko
Lead Independent Director
Pursuant to the Company’s Corporate Governance Guidelines, at today’s Board meeting, the independent members of the Board resolved that James M. Ringler continue to serve as the Lead Independent Director of the Board.
SOURCE: Autoliv
