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HANOVER, Germany Continental A.G. has extended Christian Koetz s status as executive board member in charge of Conti s tire business and purchasing operations by five years until April 2027.
Mr. Koetz was promoted to his current positions on Conti s executive board in March 2019, succeeding Nikolai Setzer, who was named then as the spokesman for the then-newly created automotive board.
Under his leadership, Continental expects the tire business to remain an important source of value and a guarantor of stability for the entire group, according to CEO Nikolai Setzer, who noted Mr. Koetz has played a pivotal role in recent years in the promotion of new technologies, particularly digital tire solutions and the implementation of sustainability objectives.
ETRMA reports encouraging signs in European tire markets
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Tyre industry and environmentalists lock horns over potential rubber infill ban
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ETRMA: COVID-19 pummels European tire markets in 2020
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BRUSSELS The COVID-19 pandemic and the economic turmoil it caused took a huge bite out of the European tire market last year, according to figures released this week by the European Tyre & Rubber Manufacturers Association.
With the exception of the replacement truck tire segment, the major market sectors tracked by the ETRMA suffered double-digit drops in shipments:
OE car tires down 23.1 percent to just shy of 67 million units;
OE truck tires down 18.3 percent to 4.66 million units;
Replacement car tires down 12.1 percent to 192.3 million units; and
Replacement truck tires down 3.9 percent 12.1 million units.