Continental CEO Degenhart to Resign, Citing Health Reasons
- Company said to be considering auto-unit head for top job
- Auto-parts maker wrestles with shift to next-generation tech
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Continental AG said Chief Executive Officer Elmar Degenhart will step down on Friday, citing health reasons, amid a push by the German company to overhaul management and speed up structural changes.
Chairman Wolfgang Reitzle plans to make a decision on Degenhart’s successor soon, the Hanover-based manufacturer said late Thursday without elaborating.