Continental AG Announces Headquarters and Restructuring Plans
Continental AG, a German automotive components manufacturer, has made several key announcements. The company has confirmed that its headquarters will remain in Hannover following a planned spin-off.
According to CEO Nikolai Setzer, the corporate headquarters will continue to be located at Continental Plaza 1 in Hannover. This decision is part of the company’s broader restructuring efforts.
Spin-Off of Automotive Parts Division
Continental has decided to spin off its automotive parts division, Aumovio. This move is part of the company’s efforts to adapt to changing market conditions and identify new growth opportunities.
New CFO Appointment
The company has appointed Roland Welzbacher as its new Chief Financial Officer (CFO). This appointment is part of Continental’s efforts to refresh its leadership team and drive business growth.
Key Developments
- Headquarters to remain in Hannover
- Spin-off of Aumovio automotive parts division
- Appointment of new CFO, Roland Welzbacher