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Continental to streamline board as members to leave early

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Continental has initiated a restructure of its management following a meeting of its Supervisory Board on Thursday. Board members Helmut Matschi and Frank Jourdan will leave the company prematurely. Matschi (58) and Jourdan (61) were originally to stay in position until 2024. As of January 1, 2022, the company will retain only five board members. The group will also integrate its activities into three corporate divisions: Automotive, Tires and ContiTech.

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Related news:

  1. Reinhart confirmed as Continental’s new HR head
  2. Continental reorganises top management within Tire division
  3. Continental’s Setzer appointed to new Automotive role; Kötz named Tire division head
  4. Continental bosses lay foundation stone for new HQ
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Continental invests in industrial sensing start-up Feelit

Continental has acquired a minority stake in Israel-based start-up Feelit Technologies Ltd. The investment took place as part of a round of Series A Funding valued at US$7 million, however, the exact amount of Continental’s holding hasn’t been disclosed. Continental anticipates that this new relationship with Feelit will benefit several business areas.

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Related news:

  1. Continental acquires minority stake in AI vision specialist Recogni
  2. Setback In Negotiations Between Carlyle And Continental
  3. Conti Acquires Serbian Conveyor Belt Manufacturer
  4. Duensing to succeed Wente as ContiTech boss
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