Conti Names New Interim CFO

Following the announced departure of Dr. Alan Hippe from Continental AG and his appointment as CFO of ThyssenKrupp, the German tyre and automotive component manufacturer has announced a successor to fill Dr. Hippe’s shoes – for the time being. According to the German Press Agency, Continental manager Gérard Cordonnier will take on the job of acting CFO as of March 1. Cordonnier will assume this position in addition to his current role of financial chief of the company’s Interior division. He will not, however, become a member of Conti’s Board.

The company’s search for a permanent CFO continues, it says. On January 24 the Continental Supervisory Board, acting upon Dr. Hippe’s request, approved the early termination of the CFO and head of Conti’s Rubber Group’s contract. Hippe leaves the company on February 28.