Conti delays management changes to Aug. 12 meeting


FRANKFURT, July 31 (Reuters) - Continental AG said on Friday its supervisory board would decide on Aug. 12 on management changes in the wake of a power struggle that has seen Chief Executive Karl-Thomas Neumann lose the confidence of shareholders. A supervisory board meeting late on Thursday had failed to achieve the necessary two-thirds majority vote to terminate Neumann's contract. An arbitration process requiring only a simple majority also did not arrive at a conclusion, it said. ...

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