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February 06, 2016 5:02 PM ET

Auto Components

Company Overview of Continental Aktiengesellschaft

Company Overview

Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. The company’s Chassis & Safety division offers electronic and hydraulic brake systems, passive safety and sensorics, driver assistance systems, chassis components, and software solutions. Its Powertrain division offers gasoline and diesel systems; turbo chargers; engine management and transmission control systems, such as sensors and actuators; exhaust after treatment and fuel supply systems; and systems and components for hybrid and electric drives. The company’s Interior division provides individual components, integrated systems, and electronics for cockpit modules; infotainment ...

Vahrenwalder Strasse 9

Hanover,  30165

Germany

Founded in 1871

208,138 Employees

Phone:

49 511 938 01

Fax:

49 511 938 81770

Key Executives for Continental Aktiengesellschaft

Chairman of the Executive Board and Chief Executive Officer
Age: 56
Total Annual Compensation: $2.5M
Member of Executive Board, Chief Executive Officer of China and President of China
Age: 49
Total Annual Compensation: $1.5M
Member of Executive Board and President of the Chassis & Safety Division
Age: 55
Total Annual Compensation: $1.5M
Director of Labour Relations and Member of Executive Board
Age: 46
Total Annual Compensation: $366.0K
Member of The Executive Board
Age: 56
Total Annual Compensation: $1.8M
Compensation as of Fiscal Year 2014.

Continental Aktiengesellschaft Key Developments

Continental Announces Board Changes

At the start of 2016, Continental reorganized its Truck Tires Replacement Business in the EMEA region. With the position of Sales Director for Truck Tires, the company has established a separate function for coordination of all sales activities in the EMEA (Europe, Middle East, Africa) region. Barry Guildford, who began his career with the Continental market organization in Great Britain in 2001, is appointed to the new position. Since the middle of 2012, Barry has been Marketing Director for truck tires at Continental EMEA Headquarters in Hanover. Daniel Gainza is appointed as the new Marketing Director for the EMEA region. Spanish by birth, Daniel joined Continental in 1998. Most recently he was Sales Director at the Continental market organization in Italy, where he was responsible for the commercial vehicle tire sector. Ralf Benack becomes the new Retreading Director. Ralf was previously Director of Sales and Marketing for truck tires in the APAC (Asia-Pacific) region. He replaces Christian Sass, who held this position since 2009 and who has opted to take a year's sabbatical in 2016. In their new roles, Barry Guildford, Daniel Gainza and Ralf Benack will report directly to Constantin Batsch, Head of the Business Unit Truck Tires Replacement Business EMEA. Herbert Mensching, who has been Director of Sales and Marketing for Truck Tires EMEA since 1999, will be responsible for strategic project management and in his new function will continue to report directly to Constantin Batsch.

Continental AG Announces Earnings Results for the Year 2015; Provides Earnings Guidance for the Year 2015

Continental AG announced earnings results for the year 2015. For the year, the company reported that sales were up 14% to about EUR 39.2 billion. Adjusted EBIT was EUR 4.4 billion. For the year 2016, the company targeted increase in sales of around 5% to approximately EUR 41 billion. The company expects to maintain adjusted EBIT margin at more than 10.5%.

Continental Aktiengesellschaft Mulls Acquisitions

Continental Aktiengesellschaft (DB:CON) mulls acquisitions. Chief Executive Officer, Elmar Degenhart said, “The likelihood that we will begin to support the building of this new business with acquisitions is relatively high. The official added that large acquisitions were possible but unlikely in this area and not currently planned.

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