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DGAP-Adhoc: Continental AG: Dr. Elmar Degenhart decided to resign from his mandate as CEO at Continental prior to expiry of his period

eqs_en 
0 0 29.10.20
DGAP-Adhoc: Continental AG: Dr. Elmar Degenhart decided to resign from his mandate as CEO at Continental prior to expiry of his period: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23588/Continental_AG_logo.svg.png
 

DGAP-Ad-hoc: Continental AG / Key word(s): Personnel
Continental AG: Dr. Elmar Degenhart decided to resign from his mandate as CEO at Continental prior to expiry of his period

29-Oct-2020 / 21:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

After more than eleven years in office, the CEO of Continental AG Dr. Elmar Degenhart (61) has informed the Supervisory Board today about his intention to resign from his mandate for reasons of immediately necessary preventive health care effective November 30, 2020. He has asked the Supervisory Board to accept the early termination of his Executive Board mandate and his contract, which would have run until August 11, 2024. Supervisory Board Chairman Professor Wolfgang Reitzle has announced that he will convene the Supervisory Board shortly to decide on the appointment of the successor to Degenhart.

Degenhart, who holds a doctorate in engineering, has been CEO of the company since August 12, 2009, and is currently in his third term. He is directly responsible for Group Communications, Group Strategy, Group Total Quality Management and the start-up program co-pace.




Contact:
Person making the notification: Bernard Wang, Head of IR

29-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Continental AG
Vahrenwalder Straße 9
30165 Hannover
Germany
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: [email protected]
Internet: www.continental-corporation.com/de
ISIN: DE0005439004
WKN: 543900
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover, Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange; Luxembourg Stock Exchange, SIX
EQS News ID: 1144149

 
End of Announcement DGAP News Service

1144149  29-Oct-2020 CET/CEST

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Continental AG Stock

€58.78
0.440%
The Continental AG stock is trending slightly upwards today, with an increase of €0.26 (0.440%) compared to yesterday's price.
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 70 € there is a slightly positive potential of 19.09% for Continental AG compared to the current price of 58.78 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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