Conti On Track to Appoint New CFO by Autumn

A replacement for outgoing Continental AG chief financial officer Alan Hippe is still expected to be appointed by autumn. Conti supervisory board head Hubertus von Grünberg confirmed the company’s plans when speaking with the Germany Handelsblatt financial newspaper, and added that CEO Manfred Wennemer and the supervisory board now need to reach a decision on candidates already interviewed.

With Hippe taking over Continental’s passenger car tyre and ContiTech divisions, von Grünberg said the company would prefer the next CFO to be drawn from within industry ranks, but it is also in talks with bankers and is considering internal candidates.