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At its meeting today, the Supervisory Board of Continental AG extended the appointment of CEO and chairman of the Executive Board Nikolai Setzer (52). Having been due to expire in March 2024, his contract will now run for a further five years until March 31, 2029. In a further resolution, Philipp von Hirschheydt (48) was appointed new Executive Board member for the Automotive group sector effective May 1, 2023.
“Our technological expertise ranges from the road to the cloud. That’s what makes Continental so unique,” said Continental’s CEO Nikolai Setzer today at the technology company’s virtual annual shareholders’ meeting, underscoring the company’s strong technological and competitive position.
Transport logistic is the leading international trade fair for logistics, mobility, IT and supply chain management. It is held every two years in Munich since 1978. In addition to innovative products, systems and technologies, it offers visitors focused expert knowledge. Continental has been represented by its VDO and Continental brands and presented commercial vehicle fleet managers with solutions that simplify the implementation and verification of compliance requirements.
On average, an electric vehicle weighs 1,622 kilograms, around 284 kilograms more than a conventional gasoline vehicle. According to the Center for Automotive Research, electric cars bring a fifth more weight onto the road than their gasoline counterparts. To further accelerate the transformation toward lower-emission or emission-free mobility, solutions need to be found that convince people and make the vehicle as a whole more sustainable – and above all more lightweight. Continental already offers a variety of advanced approaches in this regard.