Continental Names New Global CEO
Christian Kotz will become the new CEO and chairman of Continental AG on Jan. 1, replacing Nikolai Setzer, who is wrapping up a five-year run as the firm's top executive.
"This step comes as planned on the back of the significant progress made with Continental’s realignment and transformation into a pure-play tire company," say Continental officials.
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"Following the spin-off of Aumovio and the signing of the agreement to sell the Original Equipment Solutions (OESL) business area, Continental’s transformation is well underway. Internal preparations for the sale of ContiTech, which is scheduled to take place in 2026, have also been largely completed. The market outreach phase has been concluded and the structured sales process will begin in January 2026. These milestones set the stage for the final step in Continental’s transformation." Wolfgang Reitzle, chairman of Continental’s supervisory board, notes that Setzer "has been instrumental in shaping Continental, realigning the organization and paving the way for three strong, independent companies. "With this handover, we are consolidating responsibility for the tire business, the realignment and the remaining tasks of the group functions in one role. Christian Kotz is one of the most distinguished managers in the global tire industry. With his extensive experience and passion for Continental, we firmly believe he is the right choice to lead the company successfully into the future.” |