Continental AG has extended the contract of Elmar Degenhart, the company’s CEO, for an additional five years. Degenhart’s contract now extends through August 2019, the company said.
The Hanover, Germany-based company also appointed Frank Jourdan, head of the vehicle dynamics business unit, to the executive board. Jourdan will take over for Ralf Cramer, who has been in charge of Continental China since August.