Both safety systems specialist Autoliv and spin-off Veoneer will have new CFOs mid-year as one jumps from the other.

Autoliv said today (8 January) Mats Backman had resigned as chief financial officer “to accept a similar position with another company”. Which turns out to be spin-off Veoneer.

He remains in his current position until 8 July, 2019, unless otherwise agreed by the parties, Autoliv added.

Mikael Bratt, president and CEO, said: “We thank Mats for his valuable contributions to Autoliv and the executive management team over the past three years and wish him all the best in his new position.

Following Backman’s departure, Christian Hanke, vice president, corporate control, will serve as interim CFO until a permanent appointment is made.

Cue Veoneer almost immediately naming Backman as their CFO – he had held the Autoliv role since 2016.

“The plan is for Mats to join Veoneer after ensuring a smooth transition of his current responsibilities in Autoliv, at the latest in early July 2019. Mats will replace Mathias Hermansson who, as previously communicated, has decided to seek new opportunities outside the company,” a Veoneer statement said.

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