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You are here: Home1 / Nikolai Setzer

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‘Integrity & Law’ function added to Continental Executive Board

Career Tracks

Continental AG is consolidating responsibility for law, compliance and risk management under one Executive Board function. This ‘Integrity and Law’ function will be headed by Olaf Schick, who on 1 July 2023 joins the Executive Board for a three-year period, expanding the board to six members.

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Related news:

  1. Continental CEO Degenhart resigns
  2. Nikolai Setzer takes over as Continental CEO
  3. Continental to streamline board as members to leave early
  4. Continental appoints Katja Dürrfeld chief financial officer
21st December 2022/by Stephen

Unsatisfied but optimistic: Continental announces Q2 2022 financial results

Company News

After an April to June period punctuated by negative EBIT and a net loss, tyre maker and automotive components supplier Continental says it is “looking ahead to the second half of the year with optimism.” It is also maintaining its full-year outlook despite a current headwind that chief financial officer Katja Dürrfeld describes as being “rather like a hurricane.”

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Related news:

  1. Continental: Lower income despite strong tyre business in Q1 2022
  2. A “good result” – Continental returns to the black in 2021
  3. Continental revises 2022 outlook, publishes preliminary Q1 results
  4. Michelin publishes H1 2022 results, maintains full-year guidance
9th August 2022/by Stephen

Continental: Lower income despite strong tyre business in Q1 2022

Company News

Announcing its financial results for the first quarter of 2022, tyre maker and automotive technology firm Continental states that it “performed well” during the period despite “an increasingly turbulent market environment.” It describes its Q1 2022 tyre business as “strong.”

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Related news:

  1. A “good result” – Continental returns to the black in 2021
  2. Michelin: YTD sales up 15.6% to €17.2 billion
  3. Continental: Components supply issues hit Q3 2021 sales & earnings
  4. Continental revises 2022 outlook, publishes preliminary Q1 results
11th May 2022/by Stephen

A “good result” – Continental returns to the black in 2021

Company News

Although chief executive officer Nikolai Setzer believes the past financial year was “a very trying one” for Continental and a period presenting “many challenges,” the tyre maker and automotive solutions company nonetheless managed to achieve a positive net income in 2021 after two consecutive years of losses.

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Related news:

  1. Continental: Components supply issues hit Q3 2021 sales & earnings
  2. Tyre business drives Continental’s profits
  3. Continental revises 2021 outlook
  4. Michelin: YTD sales up 15.6% to €17.2 billion
9th March 2022/by Stephen

Continental appoints Katja Dürrfeld chief financial officer

Career Tracks, Company News

Continental has appointed Katja Dürrfeld (49) as its new chief financial officer, effective from 14 December 2021. Dürrfeld assumes responsibility for group finance and controlling as well as group information technology immediately, taking over from interim CFO Nikolai Setzer. Setzer had added the role to his existing duties following the departure of Wolfgang Schäfer on 17 November, while Dürrfeld had held the provisional management of these areas below the executive board level. Currently head of Finance, Controlling and Information Technology for the ContiTech business area, she will also take charge of finance and controlling in the future automotive group sector from 1 January, 2022, as was previously announced at the end of September. The supervisory board has also extended the appointment of Dr Ariane Reinhart (52) as executive board member for human relations and sustainability and director of labour relations.

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Related news:

  1. Dieselgate probe: Continental ends relationship with CFO Schäfer
  2. Continental turns 150
  3. Nikolai Setzer takes over as Continental CEO
  4. Continental to streamline board as members to leave early
14th December 2021/by Andrew

Dieselgate probe: Continental ends relationship with CFO Schäfer

Career Tracks, Company News

During an extraordinary meeting held yesterday, the Continental AG Supervisory Board agreed to mutually terminate Wolfgang Schäfer’s appointment as chief financial officer and member of the company’s Executive Board, effective immediately. Continental states that Schäfer’s departure from the company is linked to investigations by the public prosecutor’s office in Hannover, Germany, into the use of illegal defeat devices in diesel engines and shortcomings from Continental’s side in the ongoing investigations.

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Related news:

  1. HPTC opening brings Industry 4.0 to Continental’s tyre production
  2. Continental turns 150
  3. Continental to expand restructuring programme to save 1 billion euros by 2023
  4. Continental to streamline board as members to leave early
18th November 2021/by Stephen

Continental: Components supply issues hit Q3 2021 sales & earnings

Company News

Anniversary year ups and downs: As it marks one and a half centuries in the business, Continental reports that it has “set the strategic course for the next successful chapter in its history by making its previously announced structural adjustments” during Q3 2021. But the delivery situation for electronic components also worsened during the quarter, and Continental says this “had a significant impact on sales and earnings” that could only be partially offset by sales volumes within its aftermarket tyre and industrial product businesses.

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Related news:

  1. Stronger euro hits Continental in Q1 2018
  2. Less optimistic: Continental revises 2019 outlook, announces preliminary Q2 results
  3. Tyre business drives Continental’s profits
  4. Continental revises 2021 outlook
10th November 2021/by Stephen

Continental turns 150

Company News

Happy birthday, Continental. The German tyre maker and technology company is 150 years old today, making it one of the oldest companies both in Germany and within the automotive business. One and a half centuries after starting out as a maker of rubber products for horse-drawn vehicles, the firm still specialises in the latest modes of transport and is positioning itself to meet future challenges.

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Related news:

  1. HPTC opening brings Industry 4.0 to Continental’s tyre production
  2. Revisiting the past for a better future – Continental looks at Nazi era activities
  3. Continental to expand restructuring programme to save 1 billion euros by 2023
  4. Continental announces plan for Aachen site – production ending in 2022
8th October 2021/by Stephen

Continental to streamline board as members to leave early

Career Tracks, Company News

Continental has initiated a restructure of its management following a meeting of its Supervisory Board on Thursday. Board members Helmut Matschi and Frank Jourdan will leave the company prematurely. Matschi (58) and Jourdan (61) were originally to stay in position until 2024. As of January 1, 2022, the company will retain only five board members. The group will also integrate its activities into three corporate divisions: Automotive, Tires and ContiTech.

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Related news:

  1. Reinhart confirmed as Continental’s new HR head
  2. Continental reorganises top management within Tire division
  3. Continental’s Setzer appointed to new Automotive role; Kötz named Tire division head
  4. Continental bosses lay foundation stone for new HQ
1st October 2021/by Andrew

Tyre business drives Continental’s profits

Company News

Continental AG presented figures for a strong first half of the year, and while its overall sales rose by 22 per cent to 20.2 billion euros, those of its Tire division increased 28.1 per cent. Furthermore, this division was the company’s profit-maker, delivering almost 63 per cent of its EBIT despite accounting for just 42 per cent of sales.

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Related news:

  1. Stronger euro hits Continental in Q1 2018
  2. Continental Q3 2018 results
  3. Less optimistic: Continental revises 2019 outlook, announces preliminary Q2 results
  4. Continental announces preliminary data for Q1 2021
10th August 2021/1 Comment/by Stephen

Continental creating ‘Autonomous Mobility’ business area

Company News

During its meeting yesterday, the Continental AG Supervisory Board agreed upon an “important phase” in the company’s transition from tyre maker to mobility supplier. From 1 January 2022, Continental will elevate its business with systems for advanced driver assistance and automated driving into its own business area within its Automotive Technologies group sector.

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Related news:

  1. Continental’s Setzer appointed to new Automotive role; Kötz named Tire division head
  2. German technology substituting football: Continental launches new global campaign
  3. Continental CEO Degenhart resigns
  4. Nikolai Setzer takes over as Continental CEO
17th March 2021/by Stephen

Nikolai Setzer takes over as Continental CEO

Career Tracks, Company News, International News
Continental

Continental AG has appointed Nikolai Setzer (49) as its new executive board chairman until March 2024, effective 1 December 2020. He succeeds Dr. Elmar Degenhart (61), who is stepping down for health reasons, effective 30 November 2020. Setzer is widely seen as a safe pair of hands for the company who has been prepared for the position for years.

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Related news:

  1. Arthur Gregg new Bandvulc MD
  2. Richard Lyons resigns from Giti
  3. Conti CEO warns staff of job cuts
  4. Nikolai Setzer in line to take over at Continental
13th November 2020/by Chris

Nikolai Setzer in line to take over at Continental

Career Tracks, Company News, International News

Following the news that Elmar Degenhart is stepping down as Continental AG chief executive at the end of the month, Nikolai Setzer is being touted as his most likely replacement. On 12 November 2020 Continental AG’s supervisory board is scheduled to meet. Deciding the successor to outgoing CEO Elmar Degenhart will no-doubt be top of the agenda. According to the German Handelsblatt newspaper, Nikolai Setzer has been lined up to take over from the outgoing Conti boss.

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Related news:

  1. Nikolai Setzer takes over as Continental CEO
  2. HPTC opening brings Industry 4.0 to Continental’s tyre production
  3. Continental celebrates official start of US factory project
  4. Football: Continental signs up for 5 more years with Bundesliga club Hannover 96
2nd November 2020/by Chris

Official opening for Continental’s Thailand tyre plant

Company News, International News

Continental’s new tyre making facility in Thailand is officially up and running. A ceremony was held yesterday to mark the occasion, with around 500 people present to mark inauguration of the 250-million-euro greenfield factory in Rayong. Production will now be ramped up to provide a capacity to manufacture some four million passenger car and light commercial vehicle tyres by 2022. These tyres will be sold locally and throughout the entire APAC region.

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Related news:

  1. Continental chooses site in Thailand for new APAC region tyre factory
  2. Continental begins equipping new Thailand tyre plant
  3. Continental celebrates official start of US factory project
  4. First Landsail tyres produced at new Thai factory
28th March 2019/by Stephen

Continental’s Setzer appointed to new Automotive role; Kötz named Tire division head

Career Tracks

At a meeting on 14 March, the Supervisory Board of German tyre and automotive systems maker Continental approved the next stage of one of the largest organisational changes in its history. Several new appointments at Executive Board level were announced, including the transfer of Nikolai Setzer to the company’s Automotive Group.

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Related news:

  1. Continental reorganises top management within Tire division
  2. Taraxagum – Continental unveils brand name for dandelion tyre rubber
  3. Preparing for re-entry: Continental returns to agri tyres with Project LousAgro
  4. Hoosier Racing Tire now a Continental company
18th March 2019/by Stephen
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