Continental CEO Degenhart Resigns for Health Reasons - Tire Review Magazine

Continental CEO Degenhart Resigns for Health Reasons

Degenhart has been CEO of the company since Aug. 12, 2009, and is currently in his third term.

After more than 11 years in office, the CEO of Continental AG, Dr. Elmar Degenhart, will resign from his position effective Nov. 30 for reasons of “immediately essential preventive health care,” the company says.

Continental says Degenhart asked the company’s supervisory board to accept the early termination of his executive board directorship and his contract, which would have run until Aug. 11, 2024. Supervisory board chairman Professor Wolfgang Reitzle says he will convene the supervisory board shortly to decide on the appointment of the successor to Degenhart.

Degenhart explained the reasons for choosing the timing of his resignation: “After a lot of effort invested for the benefit of our organization, I was recently made aware of the importance of immediately giving precautionary measures for my health the utmost priority when it comes to planning my personal life. I would have clearly preferred to continue working on our structural realignment, our profitable growth and viability enhancement program. And, I would have loved to enjoy the future success this will bring, especially since we have just recently prepared for it by making the most difficult decisions and setting the decisive course. But, in consideration of the health-related advice that I received, I am now setting other priorities.”

Degenhart, who holds a doctorate in engineering, has been CEO of the company since Aug. 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.

You May Also Like

Group Touchette Appoints New VP of Strategic Affairs & Growth

Previously, Mougios spent 30 years with Michelin, most recently as its director for Michelin Canada.

Group-Touchette-Mougios

Groupe Touchette Inc. has appointed Tony Mougios as vice president, strategic affairs and growth. Nicolas Touchette, co-owner and CEO, said Mougios was the ideal candidate to support Groupe Touchette's strategic thinking and growth plan.

"Tony Mougios is a key figure in the North American tire industry and a sought-after speaker on the global stage, both for his deep knowledge of the industry and its products and for his strategic vision," he said.

Chris Barry Elected CTDA President

The California Tire Dealers Association (CTDA) elected Chris Barry of Independent Tire Dealer Group (ITDG) as its new president during a recent meeting at Turbo Wholesale Tires in Irwindale, California. Barry replaces Billy Eordekian, president of 1-800EveryRim OEM Wheels. Related Articles – CMA/Double Coin Adds Regional Sales Manager for South Atlantic – Monro Promotes New

Chris Barry CTDA
CMA/Double Coin Adds Regional Sales Manager for South Atlantic

CMA and Double Coin appointed Kevin McGuinness to regional sales manager for the South Atlantic. In this role, CMA said McGuinness will have responsibility for sales in Virginia, North Carolina, South Carolina and Florida. Related Articles – Ralson Tire Hires New Senior VP Brian Sheehey – GRI Appoints Michael Connor as US Director of Sales

Monro Promotes New Chief Information Officer

Monro, Inc. promoted Cindy Donovan to senior vice president – chief information officer. She is now responsible for developing and implementing Monro’s information technology strategy and long-range implementation plan to further the company’s strategic goals. Related Articles – GfK Hires Monro Tire Vet as Account Director for POS Tires Team – Kenneth Douglass Joins Bartec

Cindy-Donovan-monro
Cincinnati Business Courier Recognizes Tire Discounters’ Anna Wood

The Cincinnati Business Courier has recognized Anna Wood, vice president and managing director of Tire Discounters, as one of the top-flight leaders in the region, with its annual Women Who Mean Business selection. Related Articles – TIA Names Roy Littlefield IV VP of Government Affairs – Continental Names New Head of U.S. Replacement Truck Tires

Anna Wood Tire Discounters

Other Posts

Continental Tire Announces February Promotion

Qualifying tires are the TrueContact Tour and PureContact LS products.

Detecting Wheel Bearing Noise and Damage

Damaged bearings should be replaced with high-quality hub units and bearings for durability.

What Does it Mean to Have Sustainably Sourced Tires?

Sustainability starts at the source, and tire manufacturers are thinking about where rubber comes from more than ever.

TR-Continental-Featured-Image-Sustainable-Tires2
Breaking Down EV Brake Jobs

How do EV brake jobs compare to their internal combustion engine counterparts?