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Autoliv Europe President Frithjof Oldorff Steps Down; Names Magnus Jarlegren Successor

May 30, 2023 — 08:15 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Autoliv, Inc. (ALV), dealing with automotive safety systems, announced on Tuesday that its President, Frithjof Oldorff has stepped down to pursue new opportunities. Magnus Jarlegren, who is currently the executive vice president, Operations, has been appointed as the new President, effective June 1.

Magnus Jarlegren has been responsible for improving the Autoliv Production System and plant performance.

In the regular trading session on Friday, the stock closed at $84.17, up $2.48 or 3.04%. However, during the premarket trading, the stock is currently trading at $83.79, down $0.38 or 0.45%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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