Looking For Bearings?
All Types Of High Quality Bearings. Extensive Inventory, Fast Shipping.Find Exactly What You Want Today!
bearings
Bearing Manufacturer  Products  Miniature Bearings  Skateboard Bearings  

Continental Appoints Neumann as New CEO

By Bearing Manufacturer>Bearing News>Continental Appoints Neumann as New CEO
©2004-2012

German car parts maker Continental AG has appointed Karl-Thomas Neumann to succeed Manfred Wennemer as chief executive starting from September, the company said on Saturday.

Chief Financial Officer Alan Hippe was appointed deputy CEO, supervisory board chairman Hubertus von Gruenberg said after a board meeting in Hanover.

Von Gruenberg said it had been difficult to choose between Neumann and Hippe, who had both been viewed as candidates to become CEO. But Gruenberg said: "There can only be one."

Wennemer, who headed the company for seven years, resigned this week after ball bearings maker Schaeffler won the battle for control of tyres-to-brakes firm Continental, a move the 60-year old CEO had vehemently opposed.

The deal opens the way to creating the world's third-biggest car-industry supplier with sales of $50 billion.

Neumann formerly headed Volkswagen's electronics strategy and took over responsibility for Continental's erstwhile Automotive Water Pump Bearings Systems division in October 2004.

Following the reorganization of Continental resulting from its acquisition of the Siemens VDO automotive electronics business, 47-year-old Neumann heads both Conti's Chassis & Safety unit as well as its Powertrain division.
The company is still looking for a new finance chief.

F T 
Latest Articles
The Deep Groove Ball Bearing
The improvements design of non-standard ...
The selection of universal wheel ...
How to Choose Bearing Lubricating ...
Full disclosure about bearing materials
Electroplating Bearings
Bearing lubricant is one of the key ...
Details of Choosing Bearings from Other ...
Introduction of the structure and ...
The delivery details of bearing
Latest Topic
BCE89-P
A 7Z 7-018 Inch Miniature Thrust Ball
K15X19X10 Needle Roller And Cage
SSF688 ZZ & 2RS Stainless Steel Flange
Rc Bearings MR63ZZ
BCE168
LR20X25X38,5 Inner Rings
SR144TL
SSF6900 ZZ & 2RS Stainless Steel
Hybrid and Full 51311M Ceramic Thrust
Category

Dental Bearings
Rc Bearings
Bicycle Ceramic Bearings
Miniature Thrust Bearings
Flanged Ball Bearings
Ceramic Bearings