Former VW Boss Tipped to Take Conti Supervisory Board Helm

A favourite has emerged from the list of contenders under consideration to head up Continental’s Supervisory Board. German magazine Der Spiegel indicates former Volkswagen chief executive Bernd Pischetsrieder will be the man most likely to fill Rolf Koerfer’s shoes when he steps down.

Pischetsrieder was recommended for the role by Martin Blessing, CEO of Commerzbank, one of the largest creditors of current Conti majority shareholder Schaeffler Group. The candidate was previously a member of the supervisory board of Dresdner Bank, which was taken over by Commerzbank in May.