Continental AG

Board/Management Information • Jan 24, 2009

News Details

Ad-hoc | 24 January 2009 16:13

Continental AG: Early Termination of Dr. Alan Hippes Contract

Continental AG / Change of Personnel

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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At today’s meeting of the Supervisory Board of Continental AG, the
Supervisory Board gave its consent to the request of Dr. Alan Hippe, Vice
Chairman of the Executive Board, CFO and Head of the Rubber Group of
Continental AG, to release him from his duties as member of the executive
board of Continental AG prematurely as of February 28, 2009 by mutual
agreement. His succession will be appointed in the coming weeks.

Dr. Hippe is a member of the Continental AG’s Executive Board since June
2002 and, as CFO, is responsible for the areas of Finance, Controlling, IT
and Law. In addition to his function as CFO, Dr. Hippe is heading the North
American tire operations since June 2005, returning them to profitability
in 2007 after numerous years of heavy losses. Dr. Hippe is responsible for
the Passenger and Light Truck Tires division since April 2008, and in
September 2008 he was appointed Vice Chairman of the Executive Board. The
Executive Board and the Supervisory Board of the company thank Dr. Hippe
for his most outstanding achievements for Continental during a decisive
phase in its corporate history.
24.01.2009 Financial News transmitted by DGAP

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Language: English
Issuer: Continental AG
Vahrenwalder Straße 9
30165 Hannover
Deutschland
Phone: +49 (0)511 938-1068
Fax: +49 (0)511 938-1080
E-mail: ir@conti.de
Internet: www.conti.de
ISIN: DE0005439004
WKN: 543900
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover,
Stuttgart, Hamburg, Luxembourg; Freiverkehr in Berlin,
Düsseldorf, München; Terminbörse EUREX; Foreign Exchange(s)
SWX

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