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Supervisory Board approves Continental realignment

Major organisational changes proposed by Continental AG have gained the blessing of the company’s Supervisory Board. At a meeting today, board members approved the creation of a new Continental AG holding structure, ‘Continental Group’, and also gave the green light to making an independent legal entity out of the company’s Powertrain division ahead of its partial initial public offering (IPO) in mid-2019.

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Continental announces major organisational realignment

Tyre maker and automotive technology firm Continental says it will be “one of the largest organisational realignments” in its history: The Executive Board of Continental AG has announced plans to create a holding structure under a new umbrella brand, Continental Group, and support this holding structure with three new business sectors – Continental Rubber, Continental Automotive and Powertrain. These sectors will succeed the current Automotive Group and Rubber Group.

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Related news:

  1. Supervisory Board approves Continental realignment
  2. Continental to expand restructuring programme to save 1 billion euros by 2023
  3. Continental net income up almost a quarter in “extremely successful” 2014
  4. Continental discussing ‘need for action’ with employee representatives
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