Veoneer has appointed Ray Pekar as Chief Financial Officer, effective March, 2021.

Pekar first joined Autoliv in 1996 and became VP Business Development and Investor Relations for Veoneer after its spin-off from Autoliv in 2018.

Pekar will replace Mats Backman, who has decided to leave Veoneer to seek new opportunities. Backman will continue in his position as CFO until March, 2021 and in order to ensure a smooth transition he will remain with Veoneer until May, 2021.

"I warmly welcome Ray to his new role," said Veoneer chairman, president & CEO, Jan Carlson. "He brings solid experience from more than two decades with Autoliv and Veoneer. He is also highly respected in the global finance community.

"I would also like to sincerely thank Mats, with whom I have worked closely over the last five years, first at Autoliv and later at Veoneer. He has played a key role in building up a strong finance team with structured processes and has been the key contributor to our improved financial efficiency. I wish him all the best for the future."

As an additional part of the development of Veoneer's financial management, Christine Rankin, currently VP of Corporate Control, has been appointed SVP Corporate Control and Principal Accounting Officer, effective immediately.

Pekar has more than 30 years in the automotive industry with positions of increasing responsibility in the areas of finance and accounting, business development, M&A and investor relations, including six years as VP Finance, Autoliv North America.