Hans-Jürgen Duensing Newly Appointed to the Continental AG Executive Board

Hanover, December 10, 2014. At today's meeting, the Supervisory Board of Continental AG, Hanover, appointed Hans-Jürgen Duensing (56) to the Continental AG Executive Board with effect from May 1, 2015. In this role, he will be in charge of the ContiTech division as he succeeds Heinz-Gerhard Wente (63), whose term of office is scheduled to end on April 30, 2015, after more than 40 years in the company.

"We are happy to have gained a very experienced division head in Mr. Hans-Jürgen Duensing. On behalf of my colleagues on the Supervisory Board, we wish him all the best and every success as he takes up his new position," declared chairman of Continental's Supervisory Board, Prof. Dr. Wolfgang Reitzle. He added: "We would also like to express our sincere gratitude to Mr. Heinz-Gerhard Wente for the many years he has served this company and the valuable contribution he has untiringly made. Together with his team, he has succeeded in transforming our rubber and plastics specialist ContiTech from a purely Germany company into an internationally competitive automotive supplier and industrial partner which provides an above-average contribution to the corporation's earnings on a regular basis."

"We are pursuing our strategic corporate goal to increase the share of our sales made with industrial customers and end users towards 40%. At present, this share is approximately 28%. ContiTech is making a very valuable contribution to this," said chairman of the Executive Board, Dr. Elmar Degenhart. He added: "Hans-Jürgen Duensing is a further protagonist for this strategy on the Executive Board. He will continue to press ahead along this path."

Duensing has been working for ContiTech for more than 20 years and has been a member of the ContiTech AG Executive Board since May of this year. He holds a degree in economics, and has headed the Conveyor Belt Group business unit based in Northeim, Lower Saxony, since 2005. Under his management, the Conveyor Belt Group grew to become a leading worldwide conveyor belt system supplier with sales of around €600 million. It currently employs around 4,000 people.

Prior to that, Duensing headed the Automotive Original Equipment segment of the ContiTech Power Transmission Group for around five years in his role as a member of the management team. It is planned to find a successor to Duensing in the Conveyor Belt Group before he leaves.