HANOVER, Germany—Continental A.G. has extended the term of executive board member and head of ContiTech business group Philip Nelles by five years until July 2029.
Nelles was initially appointed to the position for a three-year term in June 2021 and has since launched a major shake-up at Continental's industrial and materials arm.
"Philip Nelles has repositioned the ContiTech group sector for the future by strategically focusing on the industrial business and consolidating the automotive business," said Wolfgang Reitzle, supervisory board chairman.
Continental CEO Nikolai Setzer added that Nelles had improved ContiTech's customer- and market-proximity by realigning the business and focusing on material-driven solutions.
"With this strategic basis, we will focus on working together to achieve ContiTech's mid-term targets," Setzer said.
Nelles started his career at Continental in 2000, after graduating with an engineering management degree.
He has held management roles in the mobile fluid systems business unit in Germany, Sweden and Hungary and headed the global automotive OE segment at ContiTech's power transmission unit between 2010 and 2015.
Nelles took charge of Continental's mobile fluid systems business unit in 2018.