On November 4, 2020, Veoneer, Inc. announced the resignation of Mats Backman as the Company’s Executive Vice President, Finance, effective March 1, 2021. Mr. Backman will no longer serve as the Company’s principal accounting officer effective November 3, 2020 but will remain as the Company’s principal financial officer until the effective date of his resignation. On November 4, 2020, the Company also announced the appointment of Ray Pekar, the Vice President, Investor Relations of the Company, as the Executive Vice President, Finance of the Company, effective March 1, 2021. Mr. Pekar will also serve as the Company’s principal financial officer, effective March 1, 2021.