for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Continental CEO announces resignation due to ill health

BERLIN, Oct 29 (Reuters) - German auto supplier Continental AG announced on Thursday its chief executive of the last 11 years, Elmar Degenhart, is stepping down from Nov. 30 due to health issues.

The company said in a statement that Degenhart, 61, had asked the supervisory board to accept the early termination of his contract, which was due to run until 2024. Chairman Wolfgang Reitzle will convene a board meeting to decide on a successor. (Reporting by Emma Thomasson Editing by Chris Reese)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up