New Conti CFO Named

A new chief financial officer will start his duties at Continental AG on October 19. Wolfgang Schäfer, According to sources mentioned by Reuters, the Finance and Administration CEO at competitor Behr will officially take on the role at Conti’s next supervisory board meeting.

The same meeting will see the election of Wolfgang Reitzle, chief executive of industrial gas company Linde, to the position of chairman. A third appointment could see Ronald Pirtle, president of Delphi Powertrain Systems, named new the new chief of Conti’s powertrain segment, the Reuters sources added.