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DGAP-Ad-hoc: Continental AG / Key word(s): Personnel
At an extraordinary meeting today, the Supervisory Board of Continental AG agreed to mutually terminate Wolfgang Schäfer's appointment as member of the Executive Board and chief financial officer, until now responsible for Group Finance and Controlling, Group Information Technology as well as Group Compliance, Law and Intellectual Property, effective immediately. Nikolai Setzer, chairman of the Executive Board, will assume Wolfgang Schäfer's responsibilities. Until a successor is appointed, Katja Dürrfeld, currently head of Finance, Controlling and Information Technology for the ContiTech business area, will be in charge of Group Finance and Controlling as well as Group Information Technology in the interim and in this capacity will report to Nikolai Setzer.
These changes have been taken in the context of the already known investigations by the public prosecutor's office in Hanover, Germany, regarding the illegal use of defeat devices in diesel engines and shortcomings in the ongoing investigation by Continental. Continental is investigating the case rigorously and thoroughly and is cooperating unconditionally with the public prosecutor's office. Contact: Person making the notification: Bernard Wang, Head of IR
17-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Continental AG |
| Vahrenwalder Straße 9 | |
| 30165 Hannover | |
| Germany | |
| Phone: | +49 (0)511 938-1068 |
| Fax: | +49 (0)511 938-1080 |
| E-mail: | ir@conti.de |
| Internet: | www.continental-corporation.com/de |
| ISIN: | DE0005439004 |
| WKN: | 543900 |
| Indices: | DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX |
| EQS News ID: | 1249975 |
| End of Announcement | DGAP News Service |
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1249975 17-Nov-2021 CET/CEST
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