Continental : Supervisory Board of Continental AG Appoints Nikolai Setzer as New Executive Board Chairman
November 12, 2020 at 09:59 am EST
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DGAP-Ad-hoc: Continental AG / Key word(s): Personnel
Supervisory Board of Continental AG Appoints Nikolai Setzer as New Executive Board Chairman
12-Nov-2020 / 15:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In its meeting today, the Supervisory Board of Continental AG appointed Nikolai Setzer (49) as new Executive Board chairman until March 2024, effective December 1, 2020. He succeeds Dr. Elmar Degenhart (61), who, as already announced, is stepping down from his position for health reasons, with the consent of the Supervisory Board, effective November 30, 2020.
Contact:
Person making the notification: Bernard Wang, Head of IR
12-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Continental AG
Vahrenwalder Straße 9
30165 Hannover
Germany
Phone:
+49 (0)511 938-1068
Fax:
+49 (0)511 938-1080
E-mail:
ir@conti.de
Internet:
www.continental-corporation.com/de
ISIN:
DE0005439004
WKN:
543900
Indices:
DAX
Listed:
Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX
Continental AG specializes in the design, manufacturing, and marketing of tires and automotive equipment. Net sales break down by family of products as follows:
- automotive systems (49%): basic brakes (No. 1 worldwide), electronic braking circuits (No. 2 worldwide), chassis components, control systems, etc.;
- tires (33.4%): automobile, motorcycle, light, industrial and farm trucks tires, etc.;
- technical elastomers (17.6%): products made of rubber (belts, tubing, and hoses), plastic materials for the automotive, railroad, mining, and similar industries.
Net sales are distributed geographically as follows: Germany (19.1%), Europe (29.4%), North America (26.6%), Asia (20.7%) and others (4.2%).