UPDATE 1-Continental appoints Neumann as new CEO

Newswire

(adds detail, background, chairman comment) HANOVER, Germany, Aug 23 (Reuters) - German car parts maker Continental AG has appointed Karl-Thomas Neumann to succeed Manfred Wennemer as chief executive starting from September, the company said on Saturday. Chief Financial Officer Alan Hippe was appointed deputy CEO, supervisory board chairman Hubertus von Gruenberg said after a board meeting in Hanover. Von Gruenberg said it had been difficult to choose between Neumann and Hippe, who had ...

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