Autoliv Elects New Board Director.STOCKHOLM, Sweden -- Autoliv Inc. (NYSE NYSE See: New York Stock Exchange :ALV) (STO:ALIV ALIV A Life in Vain (band) ) - the worldwide leader in automotive safety systems - today decided to increase its Board of Directors and to elect as a new Director Mr. Robert W. Alspaugh, the former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen International, a global network of professional services firms providing audit, tax and advisory services. Mr. Alspaugh was also appointed to Autoliv's Audit Committee where he replaces Mr. George A. Lorch, who was appointed to the Company's Compensation Committee. The Board has determined that Mr. Alspaugh qualifies as an "independent" director and as a "financial expert" under applicable rules and regulations. He holds no shares in Autoliv and has no related transactions with the Company. Throughout his 36-year career with KPMG, Robert Alspaugh served as the senior partner for a diverse array of companies across a broad range of industries. He has worked with global companies both in Europe and Japan, as well as those headquartered in the United States. Between May 2002 and October 2005, when he was CEO of KPMG International, he was responsible for implementing the strategy of this global organization, which includes member firms in nearly 150 countries with more than 100,000 employees. Prior to this prominent position, he served as Deputy Chairman and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of KPMG's U.S. practice from September 1998. Mr. Alspaugh was born in 1947 in Waxahachie, Texas, and graduated summa cum laude sum·ma cum lau·de adv. & adj. With the greatest honor. Used to express the highest academic distinction: graduated summa cum laude; a summa cum laude graduate. from Baylor University in 1970. Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv has 80 facilities with nearly 39,000 employees in 30 vehicle-producing countries. In addition, the company has development and engineering centers in six countries around the world, including 20 test tracks, more than any other automotive safety supplier. Sales in 2005 amounted to US $6.2 billion. The Company's shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:ALV) and its Swedish Depository Receipts on the OM Stockholm Stock Ex-change (STO:ALIV). This information was brought to you by Waymaker http://www.waymaker.net |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion