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At its meeting today, the Supervisory Board of Continental AG appointed Olaf Schick (52) as the company’s new chief financial officer (CFO) effective July 1. In addition to Group Finance and Controlling, Schick will remain responsible for Group Law and Intellectual Property, Group Compliance, Group Internal Audit, Group Quality Management and Group Risks and Controls, all of which are currently part of the Integrity and Law function.
The aim of the agreement is to partly cover Rheinmetall’s fast-growing personnel requirements in the coming years with Continental employees affected by the transformation.
After a weak first quarter in 2024, Continental expects earnings to improve as the year progresses – particularly in the second half of the year. Based on this, the DAX company is confirming its full-year outlook, as already announced together with the publication of its key figures for the first quarter on April 16, 2024. Overall, Continental still anticipates consolidated sales for 2024 of around €41.0 billion to €44.0 billion and an adjusted EBIT margin of around 6.0 to 7.0 percent.
Just under half (47 percent) of office workers in Germany would quit their jobs if their employer completely abolished or severely restricted the option of working from home or remotely. This was the finding of a representative survey of more than 2,000 office workers conducted by opinion research institute YouGov on behalf of Continental.
“We’re on the move. And we’re moving the world of mobility forward.” During his speech at today’s Annual Shareholders’ Meeting, Continental CEO Nikolai Setzer emphasized the technology company’s dynamic role. The meeting was held in person for the first time in five years and was also streamed live.