Continental CEO Degenhart resigns

Although his contract has almost another four years to run, Dr Elmar Degenhart has notified Continental AG of his intention to step down as chief executive officer and as director of the Continental Executive Board. Dr Degenhart’s decision to take leave of the company on 30 November 2020 is based upon “reasons of immediately essential preventive health care,” he informed Continental’s Supervisory Board yesterday. In the near future, Professor Wolfgang Reitzle will convene the Supervisory Board to decide upon the appointment of Degenhart’s successor.