Continental Appoints New CFO

DigitalCFO Newsroom | 15 December 2021

Continental AG said Tuesday that it has appointed Katja Duerrfeld as the new chief financial officer of the company.

Continental AG said Tuesday that it has appointed Katja Duerrfeld as the new chief financial officer of the company effective Tuesday. Ms. Duerrfeld is responsible for group finance, controlling and information technology at the German car-parts supplier. She will also be in charge of finance and controlling in the company’s future Automotive division from Jan. 1 as announced earlier this year, Continental said.

“Katja Duerrfeld enjoys the full confidence of all members of the Executive Board,” Chief Executive Officer Nikolai Setzer said.

The CEO took over finance responsibilities on the executive board on an interim basis after the appointment of previous CFO Wolfgang Schaefer was terminated in November in connection to investigations in Germany related to diesel engines and illegal use of defeat devices. Continental also extended the appointment of Ariane Reinhart, who is executive board member for HR and sustainability, ahead of schedule until September 2025.

About Continental AG

Continental AG, is a German multinational automotive parts manufacturing company specializing in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires and other parts for the automotive and transportation industries. Continental is structured into six divisions: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, ADAS (Advanced Driver Assistance Systems). It is headquartered in Hanover, Lower Saxony. Continental is the world’s fourth-largest tire manufacturer.

Continental sells tires for automobiles, motorcycles, and bicycles worldwide under the Continental brand. It also produces and sells other brands with more select distribution such as Viking (limited global presence), General (US/Canada), Gislaved (Canada, Spain, Nordic Markets), Semperit (industrial applications), Euzkadi (Mexico/Latin America) and Barum to serve EU & Russia. Other brands are Uniroyal Europe, Sime Tyres, Sportiva, Mabor, Matador, AmeriSteel, Novum, Simex, Astrum Blue, and TecnoTread. Continental’s customers include all major automobile, truck and bus producers, such as Volkswagen, Daimler AG, BharatBenz, Ford, Volvo, Iveco, Schmitz, Koegel, Freightliner Trucks, BMW, General Motors, Toyota, Honda, Renault, PSA and Porsche.

Source: MarketWatch