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The Chairman’s Committee of Continental AG’s Supervisory Board has agreed to Olaf Schick’s (52) request to step down early from his role as Executive Board member for Finance, Integrity and Law, effective September 30, 2025. The Supervisory Board is expected to give its formal approval at its meeting on December 18, 2024, and will decide on his successor in due course.
The Continental Executive Board has decided to spin off the Automotive group sector following its detailed evaluation announced in early August. Subject to the approval of the Supervisory Board in March 2025, the spin-off will be presented for resolution to the Annual Shareholders’ Meeting of Continental AG on April 25, 2025. The spin-off is expected to take place by the end of 2025. The preparations for it are to be completed by the end of the third quarter of 2025.
