Continental - Well Positioned for the Future: New Structure Accelerates Market-oriented Realignment.
Supervisory Board approves further adjustments to the structure of the
Automotive Technologies group sector (from 2022: Automotive) to be comprehensively realigned according to strategic action fields; focus on customer requirements and market development
Tires and
Executive Board to be reduced in size:
'In the future, Continental will be supported by three strong, equally represented and independent group sectors. This will accelerate its strategic realignment and position the company in an agile, market-oriented and future-oriented manner with respect to the transformation of the mobility industry,' said Supervisory Board chairman Professor
Statement
'In our anniversary year, we have set the strategic course for the next successful chapter in our company's history. We see the profound structural transformation in the mobility industry as an opportunity and are well positioned for this with our new structure. By reducing complexity and increasing our speed and transparency, we are once again demonstrating our ability to adapt,' said Continental CEO Setzer, explaining the reasons for the structural changes and adding: 'We are pooling our expertise, particularly when it comes to software. This will benefit our customers. As a result, I firmly believe we will emerge as winners from the transformation of the mobility industry.'
Market-oriented realignment from
With effect from
At the same time, Continental will comprehensively realign the Automotive Technologies group sector (from 2022: Automotive). The technology company will create five dynamic, flexible business areas whose future structure will be geared to the strategic action fields and market development of Automotive Technologies.
'On behalf of all members of the Supervisory Board, I would like to thank
'We owe our strong technological position in connected and automated driving to the outstanding commitment of
Unique technology position for automated and connected mobility
'Mobility of the future is sustainable, automated and connected. In the future, vehicles will have a variety of powerful senses. They will speak the same language and communicate with their environment and the driver, their neural pathways will be highly responsive and seamlessly interconnected, and a central intelligence system will steer them reliably and safely to their destination in all situations,' said Setzer, explaining the key strategic action fields in Automotive Technologies and adding: 'We are consistently aligning our Automotive Technologies group sector with long-term technology and market trends and thus with our strategic action fields. We are thus making the most of the potential presented by our unique strong technology position in all of these fields. As a mobility supplier and technology integrator, Continental will play a decisive role in the development and industrialization of the innovations required for this.'
Comprehensive organizational adjustment of the Automotive Technologies group sector
The realignment of Automotive Technologies involves the dissolution of the two business areas Vehicle Networking and Information as well as Autonomous Mobility and Safety. The associated business units will be reorganized into five business areas based on the group sector's strategic action fields. The substructure will be consolidated within Automotive.
Three new business areas will be created from the Vehicle Networking and Information business area: Architecture and Networking, User Experience, and Smart Mobility. They will combine their respective business activities around connectivity technologies and high-performance computers, display and operating technologies, and mobility services and services for fleet operators and commercial vehicle manufacturers.
In
With effect from
Safety and Motion
Autonomous Mobility
Smart Mobility
User Experience
Architecture and Networking
As part of the realignment of Automotive Technologies, the overarching advanced engineering organization he[a]t (Holistic Engineering and Technologies) under the leadership of future chief technology officer (CTO)
Central functions will also be assigned direct, comprehensive responsibility at the automotive level. In addition to functions such as Sales, Finance & Controlling, Quality,
Download Continental Group Structure 2022
Continental Executive Board to be reduced in size from
As a result of the reorganization, the Executive Board of
Dr.
Please find here current press pictures of the Executive Board members.
Please click here for the press release 'Continental Gets Automotive Technologies Ready for the Future with New Management'
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