Continental CEO resigned amid board meeting -paper


FRANKFURT, July 30 (Reuters) - Continental AG's chief executive has resigned from his post after failing to convince directors on the supervisory board to approve his plans for a capital increase, Germany's Sueddeutsche Zeitung reported. Karl-Thomas Neumann had presented on Thursday a plan to the board ease its stretched balance sheet, but was unable to gather enough support from his 20 member board, it said. A capital increase could dramatically dilute the 90 percent holding controlled ...

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