HANNOVER, Germany (March 7, 2008) — Alan Hippe, Continental A.G. chief financial officer, is taking the helm at Conti´s passenger/light truck tire and ContiTech industrial rubber products divisions, effective April 1 and Sept. 30, respectively.
Hippe is taking over these duties from Conti Chairman Manfred Wennemer — who directed the PLT business in addition to his overall chairmanship — and Gerhard Lerch, respectively.
Lerch will retire Sept. 30 and also give up his seat on the executive board, Conti said.
Wennemer continues as chairman, and Hippe will continue as CFO until Conti can find a successor.
The rest of the executive board continues as before.
The PLT and ContiTech divisions represent about 20 and 12 percent, respectively, of Conti´s annual sales.