Conti’s Hippe to Run Passenger & Light Truck Tyre Divisions

During Continental AG’s March 7 board meeting the decision was taken to reorganise responsibilities within the company’s Executive Board. As a result, as of April 1 Manfred Wennemer will hand over control of the Passenger and Light Truck Tire division to company CFO Dr. Alan Hippe. At the end of September 2008 Dr. Hippe will also take charge of the ContiTech division, succeeding Gerhard Lerch, who intends to retire and relinquish his seat on the board at this time. Mr. Wennemer will remain responsible for the Interior division.

Dr. Hippe will continue in the capacity of CFO until a successor to the position is appointed. Continental reports that no changes have been made to the responsibilities held by other members of the Executive Board.