Continental To Adjust Composition Of Executive Board, To Make ContiTech Independent

The Continental Executive Board has decided to make the ContiTech group sector independent. The preparatory phase that follows will involve analysing and assessing the possible transaction forms for independence and drawing up a timetable for implementation. As things stand, Continental considers a sale of ContiTech to be the most likely option. This is to be implemented after the spin-off of the Automotive group sector and the sale of the Original Equipment Solutions (OESL) business area.

Continental has laid the groundwork for its realignment with the planned spin-off of its Automotive group sector. With this move, ContiTech will operate independently as a material solutions specialist with a strong industrial focus. Continental AG will therefore become a global company focused on tires. In a last step, the still overarching holding functions will then be transferred to Continental AG.

“Over the past 30 years in particular, Continental has used targeted acquisitions and organic growth to build up three strong group sectors in their respective industries. These are now ready for independence. Today’s highly dynamic markets also call for focused, agile and decisive action. Now is therefore the right time to initiate the most far-reaching realignment in the company’s history. I will shape and drive forward Continental’s realignment as CEO until its successful completion. This realignment will benefit all our stakeholders,” said Continental CEO Nikolai Setzer in Hanover on Tuesday, explaining the Executive Board’s decision.

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With the creation of three independent companies, adjustments will be made to the composition of the Continental Executive Board. Dr. Ariane Reinhart, Executive Board member for HR and Sustainability and director of Labor Relations, will step down from her position on June 30, 2025. Ulrike Hintze (48) will be appointed as director of Labor Relations and Executive Board member for HR effective July 1, 2025. She will continue to manage the HR function in the Tires group sector at the same time. Setzer will take over responsibility for Sustainability from Reinhart in addition to his responsibility for IT and Communications.