UPDATE 1-Volvo proposes Autoliv CEO for board


(Adds Autoliv comment, share, background) STOCKHOLM, Feb 23 (Reuters) - Sweden's Volvo , the world's No. 2 truck maker, said its election panel had proposed Autoliv Chief Executive Lars Westerberg as a new board member, which leaves shareholder and activist fund Cevian without a representative. Volvo also said on Friday that Westerberg would be stepping down as Autoliv CEO, which hit the shares of the world's biggest maker of airbags and seatbelts. The shares later recovered most of the ...

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