Veoneer has appointed Nishant Batra to the new position as EVP as well as Chief Technology Officer (CTO) and is changing its management and reporting structure within the Electronics Segment.

Most recently, Batra was head of Network Products within Ericsson. He has carried out multi-functional roles in product management, sales, technology and general management.

“The marriage of the automotive and high-tech industries is the most interesting disruptive business change in the world today,” said Batra. “Veoneer has a key position in this change.”

The main changes to the supplier are the creation of customer-focused business units and division of the current research, development and engineering organisation 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 1 December, this year.

In conjunction with the 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.

Veoneer designs and manufactures products and solutions for active safety, autonomous driving, occupant protection and brake control.