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Benzinga
Benzinga
Business
Shivani Kumaresan

Veoneer Appoints Jacob Svanberg As CEO

  • Veoneer Inc (NYSE:VNE) announced that, in connection with the previously announced merger agreement with SSW and Qualcomm Inc (NASDAQ:QCOM), the parties have agreed that the closing of the merger will take place on April 1, 2022.
  • The new owners plan to appoint Jacob Svanberg as the company's new CEO.
  • RelatedQualcomm Beat Magna International To Scoop Veoneer For $4.5B
  • Svanberg will succeed Jan Carlson, who has been Veoneer's Chairman, President & CEO since its inception in 2018. Carlson will leave his operational and Board roles and be appointed as Advisor.
  • Svanberg is currently serving as the SVP Lidar Product Area and Corporate Development.
  • Price Action: VNE shares are trading higher by 1.84% at $36.77 on the last check Thursday.
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