Continental Tire and ContiTech Business Separate

Starting January 1, 2022, Continental will separate its Rubber Technologies group into ContiTech and Continental Tires two independent group sectors. The new structure is based on customer requirements and market developments.

The company said that the decision to make organizational changes was made last month. This is courtesy of the changes taking place consistently in the mobility industry. In mid-September 2021, the company spun off its Vitesco Technologies division and created the Autonomous Mobility and Safety and Motion business areas. The latest restructuring seems like a logical step to help the company accelerate its strategic alignment. The separated entities will be led by Executive Board members Christian Kötz and Philip Nelles.

“In the future, Continental will be supported by three strong, equally represented, and independent group sectors. This will accelerate its strategic realignment and position the company in an agile, market-oriented, and future-oriented manner with respect to the transformation of the mobility industry,” said Supervisory Board chairman Professor Wolfgang Reitzle.”

In addition, Continental will restructure its Automotive Technologies group sector and break it down into five businesses that will focus on market developments and strategic action fields in automotive technologies. The company said that Continental’s CEO Nikolai Setzer will continue leading the group.
The five business areas include:
  • Autonomous Mobility
  • Safety and Motion
  • User Experience
  • Smart Mobility
  • Architecture and Networking

“In our anniversary year, we have set the strategic course for the next successful chapter in our company’s history. We see the profound structural transformation in the mobility industry as an opportunity and are well-positioned for this with our new structure. By reducing complexity and increasing our speed and transparency, we are once again demonstrating our ability to adapt,” Setzer said, explaining the reasons for the structural changes and adding: “We are pooling our expertise, particularly when it comes to software. This will benefit our customers. As a result, I firmly believe we will emerge as winners from the transformation of the mobility industry.”

Realigning Automotive Technologies involves separating the Autonomous Mobility and Safety and Vehicle Networking and Information sectors. Once the new structure is implemented, Frank Jourdan and Helmut Matschi will step down from the company’s Executive Board. Both were appointed to serve until March 2024. Their departure and the separation of Vitesco Technologies will leave the Continental AG’S Executive Board with five members starting January 1, 2022.