In our press portal you can find current press releases, pictures, videos, information about fairs and events as well as studies and other publications.
Since 1871 we develop pioneering technologies and services for sustainable and connected mobility of people and their goods. Find out more about our company on these pages.
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.
Continental started 2023 with solid results, in line with its expectations. The technology company anticipates a further improvement in earnings over the course of the year, in particular due to rising production figures for passenger cars and light commercial vehicles, inflation-related price adjustments and cost discipline.
Continental has sold its plant in Kaluga, Russia, to Russian company S8 Capital. With this step, Continental has divested the majority of its activities in Russia as part of its announced controlled withdrawal from the Russian market – a decision taken by the technology company in response to the war against Ukraine. The transaction has been approved by the relevant authorities.
At its meeting, the Supervisory Board of Continental AG extended the appointment of Executive Board member Philip Nelles (49) by five years until May 31, 2029.
