The largest organizational change in the history of Continental has been approved by the Board of Supervisors
The Continental Group Supervisory Board approved the largest organizational change in the company's history at the Supervisory Board meeting held in Hanover on July 26. The Executive Board has decided on this change on July 18, 2018. With the approval of the Board of Supervisors, a new holding structure will be created under the brand new “Continental Group”. In this context, the Board of Supervisors approved the independence of the existing Powertrain Division into a separate legal entity with a new name in early 2019. Andreas Wolf will be the head of the new company in early 2019, and some IPOs of the new company are expected to be released in mid-2019.
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The Continental Group Supervisory Board approved the largest organizational change in the company's history at the Supervisory Board meeting held in Hanover on July 26. The Executive Board has decided on this change on July 18, 2018. With the approval of the Board of Supervisors, a new holding structure will be created under the brand new “Continental Group”. In this context, the Board of Supervisors approved the independence of the existing Powertrain Division into a separate legal entity with a new name in early 2019. Andreas Wolf will be the head of the new company in early 2019, and some IPOs of the new company are expected to be released in mid-2019.
Opening the "future planning" in 2020 Daimler's logic behind the dismantling
On July 26, local time, the Daimler Group officially issued a statement saying that the group management board and the board of supervisors have adopted a new organizational restructuring plan. The current five business divisions will be reorganized into three independent new companies, namely Mercedes- Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG.
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On July 26, local time, the Daimler Group officially issued a statement saying that the group management board and the board of supervisors have adopted a new organizational restructuring plan. The current five business divisions will be reorganized into three independent new companies, namely Mercedes- Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG.
