Veoneer, an innovator in Automotive Safety Systems, announced today the immediate appointment of Nik Endrud as its new Chief Executive Officer. With a proven track record in global automotive leadership, Endrud brings over two decades of experience to Veoneer, recently serving as Executive Vice President Americas at Forvia, where he managed a substantial portfolio across North and South America.
Before his time at Forvia, Endrud held significant roles at Tenneco and Faurecia SA, including Vice President and General Manager for Ride Control and several leadership positions in seating and seat frames management, strategic planning, and customer relations in North America.
“I am humbled to step into my role as CEO of Veoneer. Nearly 1 in every 4 cars that left the production line globally last year was equipped with Veoneer’s Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident. The company’s leadership position in Restraint Control Systems is a true team effort and the result of decades of delivering best-in-class product quality, customer service, and technical innovation. I am honored to lead the team into the future,” said Nik Endrud, Chief Executive Officer, Veoneer.
About Veoneer: Headquartered in Michigan, Veoneer is a premier global provider of automotive safety technologies, including advanced electronic safety systems and restraint control solutions. With a reported sales of approximately $900 million in 2023, the company is integral to automotive safety, having installed its systems in one-fourth of all new cars worldwide. Veoneer plans to continue its trajectory of innovation with participation in 40 vehicle launches this year alone. The company, rooted in a 70-year legacy of automotive safety advancements, employs around 2,700 people across 11 countries.
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