Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Continental AG
  6. News
  7. Summary
    CON   DE0005439004

CONTINENTAL AG

(CON)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Continental : Gilles Mabire appointed New Chief Technology Officer Automotive...

06/23/2021 | 09:07am EDT
  • Gilles Mabire will assume responsibility for global automotive research and development as CTO latest by January 1, 2022
  • Mabire has a degree in electronics and mechatronics and over 25 years of cross-business international management experience in the automotive industry
  • Continental CEO Nikolai Setzer: 'Gilles Mabire is ideally suited to this role, bringing with him a broad and exceptional customer understanding in addition to his technological expertise, particularly in the areas of electronic vehicle architecture and software.'
  • Mabire will take over the CTO role from Dr. Dirk Abendroth, who is leaving the company at his own request at the end of June 2021

Frankfurt am Main, Germany, June 23, 2021. Continental has appointed Gilles Mabire (49) as Chief Technology Officer (CTO) of the Automotive Technologies group sector. Currently responsible for the Commercial Vehicles and Services business unit at Continental, he will assume the new role latest by January 1, 2022, succeeding Dr. Dirk Abendroth, who is leaving the company at his own request at the end of June 2021. Until Mabire takes up his post, Michael Hülsewies (48), head of Architecture and Software, will temporarily take over the management of the CTO organization. By the time Gilles Mabire assumes his new role, he will have completed key projects within the scope of the transformation process which he initiated in the Commercial Vehicles and Services business unit as well as Smart Mobility.

Gilles Mabire (49) has been appointed as Chief Technology Officer (CTO) of Automotive Technologies.

'We are looking forward to working with Gilles Mabire on the Automotive Board and to the joint and consistent implementation of our overall automotive strategy, with six clearly defined strategic action fields. With the ongoing technological transformation, the CTO organization under Gilles Mabire will play a central role in integrating and further developing these strategic action fields and to generate value-creating, scalable solutions for our customers. Ultimately, the automotive industry requires excellence in technology development to ensure even safer, cleaner, connected and comfortable mobility from us,' said Setzer.

'In addition to his technological expertise, particularly in the areas of electronic vehicle architecture and software, Gilles Mabire brings with him a broad and exceptional understanding of customers. It is this special interface between customers and technology, combined with his experience of business unit management that will make him so valuable to Continental in his new role. I am also very grateful that Michael Hülsewies will provide support during the transition period with his drive, expertise and enthusiasm. In him, we have an expert at Continental who is playing a major role in shaping and advancing the transformation of software and data-driven vehicle architectures as well as cross-domain platform strategies,' added Setzer.

Michael Hülsewies (48), head of Architecture and Software.

In his new position, Mabire will act as a central point of contact for customers and business partners for technology and innovation issues relating to the automotive business and at the same time will be a member of the Automotive Technologies Board. In this function, he will report to Nikolai Setzer as Chairman of the Automotive Technologies Board.

Other tasks of the CTO organization, comprising a total of 17,000 engineers worldwide, include the further development of processes, methods and tools in research and development with a focus on embedded software, and the development of high-performance computers as an essential component of future vehicle architectures.

Gilles Mabire has 25 years of experience in the automotive industry in various functions. In addition to his work as a key account and project manager, the electronics and mechatronics graduate led the infotainment and connectivity business for European vehicle manufacturers in 2013 before assuming responsibility for the entire Continental automotive business in France in 2017. Since 2019, Mabire has been responsible for the global business of Continental's Commercial Vehicles and Services business unit. His tasks here include the development of the strategic action field of Smart Mobility and the expansion of the service business within Automotive Technologies. As well as his many years of experience in global business with passenger car manufacturers, he provides additional impulses for the strategically important commercial vehicle customers and fleet business.

Please click here for a resume (PDF, 108.9 KB) of Gilles Mabire.

Disclaimer

Continental AG published this content on 23 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2021 13:06:05 UTC.


ę Publicnow 2021
All news about CONTINENTAL AG
07/23Auto rally, corporate earnings push European shares to record highs
RE
07/23Upbeat earnings put European stocks on track for weekly gains
RE
07/22Magna's $3.8 bln Veoneer buy to drive car safety business
RE
07/22FLEET BUSINESS 4.0 : Service Contract with ContiRe Tires Convinces with Sustaina..
PU
07/20TECHNOLOGICAL EXCELLENCE IN TIRE DEV : Continental Is Celebrating Its 150th Anni..
PU
07/19RACE TO CATCH UP IN ARTIFICIAL INTEL : “Without a Rethink, Germany Will Fa..
PU
07/15CONTINENTAL AG : Gets a Neutral rating from RBC
MD
07/15ADAC BRAKE TEST : ATE Ceramic Takes First Place
PU
07/15CONTINENTAL : New Management for Continental's Brussels Political Office
PU
07/15CONTINENTAL : TuSimple To Test, Use Self-Driving Sensors From Lidar-Maker AEye
MT
More news
Financials
Sales 2021 41 862 M 49 456 M 49 456 M
Net income 2021 1 285 M 1 518 M 1 518 M
Net Debt 2021 3 165 M 3 739 M 3 739 M
P/E ratio 2021 17,8x
Yield 2021 2,16%
Capitalization 22 893 M 27 089 M 27 046 M
EV / Sales 2021 0,62x
EV / Sales 2022 0,56x
Nbr of Employees 234 999
Free-Float 54,0%
Chart CONTINENTAL AG
Duration : Period :
Continental AG Technical Analysis Chart | CON | DE0005439004 | MarketScreener
Technical analysis trends CONTINENTAL AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 114,46 €
Average target price 132,55 €
Spread / Average Target 15,8%
EPS Revisions
Managers and Directors
Nikolai Setzer Chairman-Executive Board
Wolfgang Schńfer Head-Finance, Controlling, Compliance & Law
Wolfgang W. Reitzle Chairman-Supervisory Board
Gunter Dunkel Independent Member-Supervisory Board
Siegfried Wolf Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
CONTINENTAL AG-5.60%27 491
DENSO CORPORATION19.68%51 493
APTIV PLC22.61%43 206
MAGNA INTERNATIONAL INC.13.78%24 467
WEICHAI POWER CO., LTD.10.28%23 292
HYUNDAI MOBIS CO.,LTD6.26%21 690