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 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
The Design Features and Application of ...
Latest Topic
691x Silicon Carbide Miniature Bearings
IR45X50X35 Inner Rings
9.0mm Ceramic Zirconia Balls
R188 Si3n4 Silicon Nitride Ceramic
K35X40X25 Needle Roller And Cage
R2-5 Silicon Carbide Miniature Bearings
2214 Silicon Carbide Self Aligning
RNAO30X42X32-ZW-ASR1 Bearings
1302 Si3n4 Silicon Nitride Self
WS81132 Shaft Locating Washers
Category

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