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Vincent Charles (41) will become head of Group Communications at Continental effective May 1, 2025. Charles, previously head of Media Relations and deputy head of communications, will succeed Birgit Hiller (49), who is leaving the company at her own request to take on a leadership role in another industry. The transition in communications leadership at the DAX40 company will thus proceed seamlessly.
At its meeting today, the Supervisory Board of Continental approved the planned spin-off of Automotive and is recommending that the 2025 Annual Shareholders’ Meeting also approve this step. Subject to this approval, the future independent company is to have cash funds of €1.5 billion by the time of the spin-off, according to the Supervisory Board’s resolution, with a clear business-related allocation of opportunities and risks to the two future companies. The financing of Automotive’s operating business is also to be strengthened by a revolving credit facility of €2.5 billion.
Continental continued to improve its earnings and achieved its corporate targets in the past fiscal year. Against the backdrop of a weak macroeconomic environment, especially in its core market of Europe, and a global downturn in automotive production, the company’s focused implementation of its value-creation strategy is proving effective. The Executive Board’s decision to spin off the Automotive group sector is another important step toward leveraging Continental’s full potential for creating value. Despite a global automotive market that is expected to continue to decline, the technology company is targeting an increase in earnings for 2025.
Nino Romano, previously head of Automotive Quality and Operations, has taken over as chief technology officer (CTO) of the future independent Automotive group sector effective February 1, 2025
The BLAUDIECK SUPER portfolio replaces the previous product offering in the food and beverage sector and simplifies processes in procurement and applications.
