Veoneer Appoints CTO, Announces COO Is Leaving

STOCKHOLMOct. 24, 2018 /PRNewswire/ — Veoneer, Inc., the world’s largest pure-play company focused on Advanced Driving Assistance Systems (ADAS) and Automated Driving (AD), has appointed Mr. Nishant Batra to the new position as Executive Vice President (EVP) and Chief Technology Officer (CTO) and is refining its management and reporting structure within the Electronics Segment.

Mr. Batra has been appointed EVP and CTO. Most recently, he was head of Network Products within Ericsson.  Batra has held several key positions in the US, Sweden, and India since joining Ericsson in 2006. He has carried out multi-functional roles in product management, sales, technology, and general management. Batra graduated with an MBA from INSEAD in 2006 and has M.Sc. degrees in telecommunications and computer science from Southern Methodist University in Dallas. Mr. Batra will join Veoneer in mid-November.

“I would like to take this opportunity to warmly welcome Nishant Batra to Veoneer. His strong track record in managing rapid pace innovation will be crucial to Veoneer’s success moving forward”, said Jan Carlson, Chairman, President and CEO of Veoneer.

“I look forward to joining Veoneer. The marriage of the automotive and high-tech industries is the most interesting disruptive business change in the world today. Veoneer has a key position in this change, and I look forward to joining the team on the tremendous journey ahead”, said Nishant Batra, future Chief Technology Officer of Veoneer.

The main refinements to the organization are the creation of strong customer-focused business units, and division of the current research, development and engineering organization into two: a research and product development function, led by the CTO, and an engineering delivery function. The main objective of the RD&E change is to increase speed of innovation and drive engineering efficiency. These functions will report directly to the CEO. The changes are planned to take effect on December 1, 2018.

In conjunction with these changes Johan Löfvenholm, current COO of Veoneer, intends to leave Veoneer to pursue other opportunities. He will remain with the Company as senior advisor to the CEO until spring 2019.

“I would like to deliver my sincere thanks to Johan for all value Johan has created during his career at Autoliv and Veoneer. He is a very well respected and liked leader and I wish him the best of luck for the future”, said Jan Carlson, Chairman, President and CEO of Veoneer.

Source: Veoneer

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