On January 8, 2019, Veoneer, Inc. announced the appointment of Mats Backman as the company's new Chief Financial Officer and Executive Vice President, Finance, to be effective no later than July 8, 2019. Mr. Backman will replace Mr. Mathias Hermansson, the Company's Chief Financial Officer and Executive Vice President, who the Company previously announced will be stepping down from his position. Mr. Backman, age 50, has served as Executive Vice President and Chief Financial Officer of Autoliv, Inc. since 2016.