Conti Board Member to Join VW?

Continental AG personnel director, Thomas Sattelberger, has been named as a potential candidate to replace Peter Hartz at Volkswagen. Mr Hartz resigned amid allegations that his department was involved in Indian bribery scandal. Mr Sattelberger is reported to be one of the top candidates, Dow Jones Newswires has reported. His experience and that fact that he is not a Volkwagen insider are both likely to count in his favour. Continental spokesman Hannes Boekhoff made no comment. Mr Sattelberger has been part of Continental executive committee since July 2003. Before that he worked for Lufthansa and DaimlerChrysler.

Meanwhile ThyssenKrupp rejected reports that director Ralph Labonte was another possible succesor. A ThyssenKrupp spokesperson said that Labonte is not available to fill that position.