Andreas Wolf to be the CEO of Continental's Powertrain Division spin-off Vitesco Technologies

May 3, 2019   People

Andreas Wolf, 58, has been appointed Chief Operating Officer and Chief Executive Officer (CEO) of the Vitesco Technologies following Continental's Powertrain business becoming a separate entity on January 1, 2019. He took charge of the Powertrain division in October 2018.

Wolf had previously served as Head of the Body & Security business unit at Continental’s Interior division since 2007. Under his leadership, this business unit trebled its sales, exceeded its break-even point and continually achieved attractive profit margins.

 

The two other members of the Powertrain management have both occupied leadership roles at Continental for many years. Chief Financial Officer (CFO) Werner Volz served as head of Finance and Controlling in the Chassis & Safety division from 2008 and played a major part in the restructuring of the division during the financial crisis of 2008/2009, as well as in the successful growth management of the driver assistance systems business. Chief Human Relations Officer (CHRO) Ingo Holstein was appointed head of Human Relations for the Tyre division in 2010. He has extensive expertise in shaping businesses through HR work, as well as in management guidance and development.

 

The new company has three business areas, each of which operates economically independent. Aiming to strengthen their portfolio and boost their performance, the former Engine Systems and Transmission units have been merged to create a new “Engine & Drivetrain Systems” (E&DS) business area. Its portfolio ranges from engine and transmission control units to injection systems, turbochargers and exhaust gas aftertreatment. The former Sensors & Actuators and Fuel & Exhaust Management units have also been merged to form the new Powertrain Components (PTC) business area

 

Its portfolio includes fuel delivery modules, catalytic converters and SCR dosing control units, as well as sensors and actuators for all types of vehicle and drive system. As a strategic growth area, there are no changes to the Hybrid & Electric Vehicle (HEV) business area, which encompasses all the main components for drivetrain electrification in hybrid and electric vehicles. The heads of the three business areas are Wolfgang Breuer (E&DS), Klaus Hau (PTC) and Thomas Stierle (HEV).

 

The structural changes have also affected certain central functions that were previously maintained at group level. In the course of the transformation process, the Powertrain business has established a number of those functions as a part of the organisationally independent company. One of the most important is the new Operations unit, which is responsible for all production and logistics functions. It primarily provides support to the global production facilities, which are now run by the new company. The company also has its own Sales & Marketing, IT and Quality & Environment functions.

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