Continental reorganises its management structure

Mar 15, 2019   People

The Supervisory Board of Continental AG, Hanover, approved the next stage of one of the largest organisational changes in the technology company’s history with some significant personnel decisions at the Executive Board level.

As a result of these decisions, Executive Board member Nikolai Setzer (47), who is responsible for the Tyre division and Corporate Purchasing, will switch to Continental’s Automotive Group on April 1, 2019. Here, he will assume the new position of spokesman for the Automotive Board and will be in charge of maintaining a unified business strategy in this area. His responsibilities will comprise a range of global Automotive corporate functions, including Purchasing, Key Account Management, Supply Chain Management, and Automotive Manufacturing. Starting January 1, 2020, his team will be strengthened with the Chief Technology Officer (CTO) of Automotive, under whose leadership Continental will combine part of its automotive development activities.

 

The Supervisory Board has extended, ahead of time, the appointment of Nikolai Setzer as a member of the Executive Board by five years to the end of March 2024 as a result of his change in role. Succeeding him as head of the Tyre division and Corporate Purchasing will be new member of the Executive Board Christian Kötz (48), who heads the Commercial Vehicle Tyres business unit. Mr. Kötz will assume his new role on April 1, 2019, as well. His appointment will run for three years until the end of March 2022.

 

Due to the changes in the Automotive area, the Supervisory Board also extended the appointments of Executive Board members Frank Jourdan (58) and Helmut Matschi (55) ahead of time until the end of March 2024. It has also extended the appointment of CFO Wolfgang Schäfer (59), which was due to expire this year, by five years to the end of 2024. In addition to Finance, Schäfer is responsible for Controlling, Compliance, Legal and IT. The appointments of the remaining members of the Executive Board were not up for extension.

 

Chairman of the Supervisory Board Professor Wolfgang Reitzle commented, “With today’s decisions on Executive Board personnel, we are supporting the current process of reorganisation. At the same time, we are safeguarding the experience and continuity in corporate management that will be critical to the success of this endeavor. In Mr. Setzer, our Automotive management team has gained a strategic expert with a successful track record and worldwide experience in the automotive industry. On behalf of my colleagues on the Supervisory Board, I would like to thank all members of the Executive Board for the successful work that they have done to date. We are looking forward to accomplishing more and more with this first-class team.”

 

The newly established Automotive Board is an expression of the increased decentralisation of responsibility pursued worldwide. Starting on April 1, 2019, it will lighten the load of the corporate Executive Board and will also play a key role in shaping the ongoing transformation process in the Automotive area. In addition to the spokesman Nikolai Setzer, the members of this board include the members of the Executive Board Frank Jourdan (58), President Chassis & Safety division; and Helmut Matschi, President Interior division. The board will be completed with Dr. Dirk Abendroth (43), Chief Technology Officer of Automotive; as well as the heads of Finance & Controlling and Human Relations for Automotive, who have yet to be appointed.

 

The duties of the new body will include speeding up decision-making processes and generating synergies from the closer links between the Chassis & Safety and Interior divisions. Furthermore, its decisions will help to make the most of the potential for growth in important business areas for the future. These include autonomous driving, the interconnection of vehicle and mobility systems, and information management.

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