At an extraordinary meeting, the Supervisory Board of Continental AG agreed to mutually terminate Wolfgang Sch?fer's appointment as member of the Executive Board and chief financial officer, until now responsible for Group Finance and Controlling, Group Information Technology as well as Group Compliance, Law and Intellectual Property, effective immediately. Nikolai Setzer, chairman of the Executive Board, will assume Wolfgang Sch?fer's responsibilities. Until a successor is appointed, Katja D?rrfeld, currently head of Finance, Controlling and Information Technology for the ContiTech business area, will be in charge of Group Finance and Controlling as well as Group Information Technology in the interim and in this capacity will report to Nikolai Setzer.