Nikolai Setzer named new Continental CEO

NIKOLAI Setzer has been named as the next CEO of German tyre giant Continental, taking over from Elmar Degenhart in the top job as of December 1 following the shock announcement of Mr Degenhart’s imminent resignation earlier this month.

Stepping down due to health reasons, Mr Degenhart (61) has occupied the top job since August 12, 2009, and only has positive things to say about his successor.

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