Continental AG extends CEO's contract by 5 yrs


FRANKFURT, Sept 30 (Reuters) - German tyre and car parts supplier Continental AG extended the contract of Chief Executive Manfred Wennemer by another five years, the company said on Friday. It also said that ContiTech division chief Gerhard Lerch, 61, was appointed to the group's management board. Supervisory board member Ulrich Weiss, formerly chairman of the company until 1999, has resigned from his post effective immediately, it continued. He will be replaced by Christian Streiff, ...

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