HANOVER, Germany (Feb. 10, 2009)—Continental A.G. has selected Nikolai Setzer, currently executive vice president of replacement tires in Europe and Africa, to oversee Conti's global passenger and light truck tire activities on an acting basis, effective March 1.
Setzer steps in to fill the void being created by the Feb. 28 resignation of Alan Hippe, who asked Conti's supervisory board on Jan. 24 to be released from his duties as head of Conti's Rubber Group, to take a position on the supervisory board of German steel and machinery maker ThyssenKrupp A.G.
Setzer will keep his current duties, which he assumed in September, Conti said. He will report to Hans-Joachim Nikolin, who assumes overall responsibility temporarily for both the commercial vehicle tires division—which he currently oversees—and the passenger and light truck tires division.
In addition, Conti named Gerard Cordonnier, currently head of finance and controlling for the vehicle-interior division, to fill in as chief financial officer until a permanent replacement for Hippe is found.
Conti continues to seek a permanent replacement for Hippe, who's resigning amidst a plan to set up the firm's tires and non-tire rubber activities as a separate business entity.