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Olaf Schick takes on CFO remit at Continental

At its meeting on 27 June, the Supervisory Board of Continental AG appointed Olaf Schick as the company’s new chief financial officer. Schick begins in this role today and will oversee Group Finance and Controlling, while maintaining responsibility for Group Law and Intellectual Property, Group Compliance, Group Internal Audit, Group Quality Management, and Group Risks and Controls. A further change sees chief executive officer Nikolai Setzer take charge of Group Information Technology.

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Related news:

  1. ‘Integrity & Law’ function added to Continental Executive Board
  2. Continental lifts Tires EBIT margin for 2023
  3. New executive VP Finance & Controlling for Continental’s Tire division
  4. Nikolai Setzer in line to take over at Continental
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“Sufficient potential for improvement” – Continental publishes Q1 2024 results

Continental has reported its Q1 2024 financial results – and refers to the three months to 31 March as “a weak first quarter.” The tyre and automotive components company nonetheless “expects earnings to improve as the year progresses,” particularly during the second half of the year. As such, Continental confirms its previously announced full-year 2024 outlook.

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Related news:

  1. Continental lifts Tires EBIT margin for 2023
  2. Continental’s tyres and rubber business profitable in Q2, despite corona
  3. Continental: Components supply issues hit Q3 2021 sales & earnings
  4. A “good result” – Continental returns to the black in 2021
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Katja Garcia Vila leaving Continental at year’s end

Continental is beginning the search for a new chief financial officer after Katja Garcia Vila informed the company she won’t seek another term on the Executive Board following her current contract’s expiry in December 2024. Garcia Vila is taking this step as part of “her own career planning.”

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Related news:

  1. Continental lifts Tires EBIT margin for 2023
  2. Maxam strengthens management team
  3. Continental CST appoints new customer solutions engineer
  4. Continental Automotive announces thousands of job cuts in 400-million-euro cost-saving plans
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Continental lifts Tires EBIT margin for 2023

Continental has published its financial results for the three months to 30 September with the comment that Q3 2023 concluded “in line with expectations.” For the Tires group sector, the expectation was thus lower sales but an improved earnings position.

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Related news:

  1. Continental: Lower income despite strong tyre business in Q1 2022
  2. A “good result” – Continental returns to the black in 2021
  3. Unsatisfied but optimistic: Continental announces Q2 2022 financial results
  4. Tyre business drives Continental’s profits
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