Elmar Degenhart decides to resign as CEO of Continental

After more than eleven years in office, the CEO of Continental AG Dr. Elmar Degenhart has informed the Supervisory Board today about his intention to resign from his position effective November 30, 2020, for reasons of immediately essential preventive health care. 

Degenhart explained the reasons for choosing the timing of his resignation: “After a lot of effort invested for the benefit of our organization, I was recently made aware of the importance of immediately giving precautionary measures for my health the utmost priority when it comes to planning my personal life.”

Degenhart, who holds a doctorate in engineering, has been CEO of the company since August 12, 2009, and is currently in his third term. He is directly responsible for Group Communications, Group Strategy, Group Total Quality Management, and the start-up program co-pace.

On behalf of all Supervisory Board members, their chairman Prof. Dr.-Ing. Wolfgang Reitzle acknowledged Degenhart’s achievements during the many years of successful work. He praised his “outstanding performance, exemplary leadership, and excellent track record.” 

The Supervisory Board will convene the Supervisory Board to decide on the successor at short notice.