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Strengthening its Values Alliance for Top Value Creation: Continental realigns for Future Mobility

The Executive Board of the technology company Continental decided to undertake one of the largest organizational realignments in the company’s history. In doing so, the Dax-listed company will continue to grow faster than its relevant markets and take full advantage of new potential for expansion in the key future areas of mobility.

 

  • Continental’s Executive Board decides on one of the largest organizational changes in the company’s history
  • New holding structure: Three strong business sectors under the umbrella of Continental AG
  • Transformation of the Powertrain division into an independent legal entity with a new name and management by the start of 2019; partial IPO expected starting mid-2019
  • Reorganization of the Automotive divisions Chassis & Safety and Interior; creation of a central Automotive R&D function
  • Rubber business with the Tire and ContiTech divisions to remain independent
  • CEO Dr. Elmar Degenhart: “These changes strengthen the competitiveness of Continental and its successful values alliance for top value creation in the long term.”


Source: Continental

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