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

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
Insert Full Ceramic Bearings
Capacity and Fatigue Life of Thin
Small Bearings
ceramic rc bearings
2.5mm bearings
stainless angular contact bearing
Ball and Roller Bearing
stainless steel shaft wear bearing
40mm Ceramic Bearings
Abec 1 Skateboard Bearings, Abec 1
Latest Topic
636 Zirconia Ceramic Hybrid Bearings
F8-16M Silicon Carbide Full Ceramic
SCE2216
6908 Zirconia Thin Section Bearings
71809C Silicon Carbide Ceramic Angular
HK1516
R144 Zirconia Ceramic Hybrid Bearings
71934C Si3n4 Silicon Nitride Ceramic
5/8 Ceramic Zirconia Balls
681 Silicon Carbide Ceramic Hybrid
Category

Miniature Bearings
Deep Groove Ball Bearings
Flanged Ball Bearings
Miniature Thrust Bearings
Needle Roller Bearings
Stainless Steel Bearings
Ceramic Bearings
Skateboard Bearings
Dental Bearings
Custom Bearings


Latest Bearings


$index_product_mb$