Conti merges commercial, passenger tyre divisions
On August 1 Continental AG’s Passenger & Light Truck Tires (PLT) and Commercial Vehicle Tires (CVT) divisions will be consolidated into a single unit known simply as the Tires division. This combined division will be headed up by Nikolai Setzer, who has led the PLT division since joining the company’s Executive Board in August 2009. Current CVT division head Dr. Hans-Joachim Nikolin has resigned from Continental on “highly amicable terms” and will leave the company on July 31. Conti’s Supervisory Board gave its consent for Dr. Nikolin's relinquishment of his office by mutual agreement at a meeting on June 7.