Two more years – Reitzle to stay on Continental’s Supervisory Board

Wolfgang Reitzle, now aged 74, planned to step down as chairman of the Continental AG Supervisory Board when his current tenure concludes following the company’s 2024 Annual Shareholders’ Meeting. However, German financial publication Wirtschaftswoche writes that Reitzle will once again stand for election to the Supervisory Board at next April’s meeting, albeit only for a two-year term of office.

Citing an “insider” as its source, Wirtschaftswoche notes that Reitzle intends to stay on for a further two years as Continental is currently “in the middle of a restructuring and transformation phase” in which it is implementing a “graduated Supervisory Board.” As not all mandates will expire at the same time in future, Reitzle will be able to head the supervisory board for two more years.