STOCKHOLM, Sweden–Autoliv, the worldwide leader in automotive safety systems, announced that Frithjof Oldorff has been appointed President of Autoliv Europe and member of Autoliv’s Executive Management Team. He is expected to join Autoliv no later than September 2019.
Frithjof Oldorff has extensive experience leading development and change management in global automotive and engineering businesses. He is currently employed by Gentherm, Inc. as President of the Automotive Business Unit. His work at Gentherm follows a multi-year career with various positions at Faurecia, an Operations role with Freudenberg and the role of COO of W.E.T. Automotive Systems.
“I look forward to welcoming Frithjof Oldorff to the team to take Autoliv Europe through its journey towards improved performance. With this hire, we add another strong change agent to the organization and a leader who will help us to take performance to the next level. Frithjof will bring valuable leadership insights to both Autoliv Europe and our global Executive Management Team,” said Mikael Bratt, President and CEO.
Mr. Oldorff will succeed Mike Hague who has left Autoliv to pursue other opportunities. During the transition in Autoliv Europe leadership, Frank Mewaldt is serving as the Acting President of Autoliv Europe in addition to his role as Vice President, Quality Europe.
Separately, the company announced that its Board of Directors has declared a quarterly dividend of 62 cents per share for the third quarter 2019.
The dividend will be payable on Thursday, September 5, 2019 to Autoliv shareholders of record on the close of business on Wednesday, August 21. The ex-date will be Tuesday, August 20, for holders of common stock listed on the New York Stock Exchange (NYSE) as well as for holders of Swedish Depository Receipts (SDRs) listed on Nasdaq Stockholm.
Autoliv, Inc. is the worldwide leader in automotive safety systems, and through subsidiaries it develops, manufacture and market protective systems, such as airbags, seatbelts, brake technology, steering wheels and pedestrian protection systems for all major automotive manufacturers in the world.