STOCKHOLM -- Autoliv CEO Jan Carlson will become head of the supplier's electronics business, Veoneer, which it plans to spin off and list in the third quarter.
The supplier announced in September it was planning to split into two listed companies, with one focused on high-tech safety gear to target growth related to advances towards self-driving vehicles.
Autoliv said in a statement that Carlson would start the job at Veoneer on April 1, while continuing as CEO and chairman of Autoliv until the spinoff. He will be succeeded as head of Autoliv by Mikael Bratt, the current chief of the passive safety unit.
Veoneer makes radar products, vision systems and advanced driver-assistance software.
Autoliv's passive safety business, which will retain the Autoliv name, includes airbags and seat belts and currently generates the bulk of company earnings.