DGAP-Adhoc: Continental AG: Changes in the Supervisory and Executive Boards

Continental AG / Change of Personnel

12.08.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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In its special meeting today, the Supervisory Board of Continental AG
agreed upon the following changes in the Supervisory Board and Executive
Board:

Effective immediately, the chairman of Continental's Executive Board, Dr
Karl-Thomas Neumann (48), steps down from Continental's Executive Board by
mutual agreement. Also effective immediately, Dr. Elmar Degenhart (50),
previously chairman of the management board of the Automotive unit in the
Schaeffler Group, is appointed as new chairman of the Executive Board of
Continental AG. At the same time, he takes charge of the Powertrain
division.

The chairman of the Supervisory Board, Mr. Rolf Koerfer, expressed his
willingness to step down from his post as chairman of the Supervisory Board
of Continental AG after reorganization of the Executive Board has been
completed, including in particular the appointment of a CFO, and to
initiate the election of a new member of the Supervisory Board to the post
of chairman, who shall come from outside the companies. Mr. Koerfer will
continue to be a member of the Supervisory Board as Chairman's Committee
member.

Furthermore, the Supervisory Board appointed three new members to the
Executive Board: Dr. Ralf Cramer (43, head of the Chassis & Safety division
of Continental AG), Mr. Helmut Matschi (46, head of the Interior division
of Continental AG) and Mr. Nikolai Setzer (38, head of the Passenger and
Light Truck Tires division of Continental AG).

The search for a new CFO, who is not to be recruited from either the
company or from the Schaeffler organization, will get underway immediately.
DGAP 12.08.2009 
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Language:     English
Issuer:       Continental AG
              Vahrenwalder Straße 9
              30165 Hannover
              Deutschland
Phone:        +49 (0)511 938-1068
Fax:          +49 (0)511 938-1080
E-mail:       ir@conti.de
Internet:     www.conti.de
ISIN:         DE0005439004
WKN:          543900
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Hannover,
              Stuttgart, Hamburg; Freiverkehr in Berlin, Düsseldorf,
              München; Terminbörse EUREX; Foreign Exchange(s) Luxembourg,
              SWX
 
End of News                                     DGAP News-Service
 
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