Page 40 - The Tyreman 2020 - 6
P. 40
international news
Nikolai Setzer to Become Continental CEO
The Supervisory Board of Continental AG appointed Nikolai Setzer, as new Execu- tive Board chairman until March 2024, Elmar Degenhart, who is stepping down from his position for health reasons, with the consent of 2020.
“Continental is in the process of transforming into a technology and software company that, together with vehicle manufacturers, is laying the foundation for the sustainable mobility of the future. Nikolai Setzer has our utmost trust and that he will push forward with and successfully shape this transformation. Key factors here are his deep, long-standing bond with Continental and its company values as well as his extensive international experience in the automotive and tyre business,” explained Prof. Wolfgang Reitzle, chairman of Continental’s Supervisory Board.
He added: “At the same time, we express our sincere thanks to Mr. Degenhart for his outstand- ing performance, his exemplary leadership and his considerable contribution to Continental’s success over the years. ”
Degenhart commented on the appointment of Setzer: “I hold Nikolai Setzer in highest esteem, which evolved during our close and trusting co- operation as a result of his excellent service in a variety of functions and areas of the company. By virtue of his strategic foresight and ability to implement ideas, he has gained recognition both in and outside the company.”
“Continental has been a strong values alliance for top value creation for nearly 150 years. In view of the profound transformation in the auto- motive industry, Elmar Degenhart and our entire Executive Board team set the necessary strate- gic course early on in order to enhance Conti- nental’s competitiveness and viability. Therefore my most urgent task, together with executives and employees worldwide, is to pursue our on- going growth course as a technology company without interruption and to lead Continental growth,” said Setzer.
- ing his studies in engineering management in Germany and France in 1997. In his 23-year ca- reer at the company to date, he has held various
Nikolai Setzer
40 the tyreman 2020/6
