Mr. Sakamoto replaces Mr. Tetsuo Sekiya, who retired from the Autoliv Board at the Meeting. Mr. Sekiya turned 73 earlier this month. He has contributed to establishing Autoliv as a leading automotive safety system supplier, especially in Japan where Autoliv now has a 20% market share and more than 2,000 employees. He has been Chairman, President and CEO of NSK, a global manufacturer of bearings and automotive parts. He presently serves as an advisor to the Board of NSK and the Japan Bearing Industrial Association. Mr. Sekiya has been a member of the Autoliv Board since April 2001. The Board decided to extend a special thanks to Mr. Tetsuo Sekiya for his contribution to Autoliv’s success over the past years, particularly in Japan and with the Japanese vehicle manufacturers globally.