Autoliv Appoints New CFO
Automotive safety systems leader Autoliv has appointed Monika Grama as its next Chief Financial Officer and Executive Vice President of Finance. The announcement comes as the company navigates the evolving automotive industry landscape.
Grama's appointment marks an internal promotion, tapping into her deep experience within the company since joining in 2009. She previously served as the Vice President of Finance for Autoliv's Europe, Middle East, and Africa division and was also the Managing Director for Autoliv Romania, one of the company's largest production hubs. She steps into the role as Fredrik Westin departs on March 31, 2026. Westin, who joined Autoliv in March 2020, resigned for personal reasons to pursue a new opportunity in continental Europe. CEO Mikael Bratt thanked Westin for his contributions during a period of significant business transformation and industry challenges. The leadership change occurs as Autoliv reports solid financial performance despite market headwinds. The company achieved record operating income and margins in the fourth quarter of 2024, attributed to cost reduction efforts and commercial recoveries. For the full year 2024, Autoliv saw a 42% increase in operating income to $979 million. This transition is set against a backdrop of a demanding automotive market. Suppliers like Autoliv are contending with stagnating global sales volumes, a slowdown in the battery electric vehicle (BEV) market, and intense competition, particularly from China. Profitability for automotive suppliers has been on a downward trend and is expected to face continued pressure.
