Autoliv CFO resigns to take similar role at another company
Autoliv Inc. said Tuesday Chief Financial Officer Mats Backman has resigned, to take a similar position with another company. The automotive safety systems company said Backman as agreed to stay in his current position until June 8, 2019, unless otherwise agreed by Backman and the company. The company said Christian Hanke, currently vice president, corporate control, will serve as interim CFO when Backman departs, until a permanent replacement is found. The stock rose 3.8% in morning trade, but has dropped 11% over the past three months and the S&P 500 has lost 11%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.