Reading Time: 2 minutes

Continental AG’s Supervisory Board has appointed Nikolai Setzer as new Executive Board chairman until March 2024, effective December 1, 2020. He succeeds Dr. Elmar Degenhart who is stepping down from his position for health reasons. 

The company says Setzer will lead Continental’s transformation into a technology and software company.

Setzer has worked at Continental since joining in 1997. In April 2019, Setzer switched to Continental’s Automotive Group, where he assumed the newly created position of spokesman of the Automotive Board and was responsible for maintaining a unified business strategy in this area. He will continue in this position.

Prof. Wolfgang Reitzle, chairman of Continental’s Supervisory Board, says: “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 confidence. The Supervisory Board is certain 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 tire business.”

Setzer adds: “My most urgent task, together with executives and employees worldwide, is to pursue our ongoing growth course as a technology company without interruption and to lead Continental into a new era of mobility, backed by profitable growth.”Nikolai Setzer Dr. Elmar Degenhart

The Supervisory Board also expressed its thanks to Mr. Degenhart for his leadership and his considerable contribution to Continental’s success over the years. 

Leave a Comment