Continental's CEO, Reitzle, steps down, with Siemens vet Soussan assuming the role.
Continental Announces Change in Supervisory Board Leadership
Wolfgang Reitzle, who has been leading the supervisory board of Continental for 13 years, is stepping down after 16 years of service. The announcement was made on Friday by the company.
Reitzle, a veteran in the German economy, has had a distinguished career, working at BMW, Ford, and Linde before joining Continental. He took over the post of Continental supervisory board chairman after the entry of Schaeffler.
Reitzle mentioned the separation of the auto parts unit Aumovio as the groundwork for an orderly succession. The divested auto parts business, now called Aumovio, was floated on the Frankfurt Stock Exchange with a valuation of 3.5 billion euros.
Sabrina Soussan is set to succeed Reitzle as the supervisory board chair. She is joining Continental's Supervisory Board as a shareholder representative by the end of September 2025. Soussan is expected to take over as Chairwoman of the Supervisory Board after the Annual Shareholders’ Meeting on April 30, 2026, when Reitzle's term ends.
Soussan began her career at Siemens VDO, which was later acquired by Continental. She then headed the rail division at Siemens before most recently serving as CEO of the French waste management giant Suez until the beginning of this year.
The Schaeffler family, as the major shareholder of Aumovio, is subject to a six-month lock-up period. Meanwhile, the powertrain division Vitesco, which was part of Continental, is now owned by Schaeffler.
The change will take place at the 2026 Annual General Meeting. With her extensive experience in the industry, Soussan is poised to lead Continental into its next chapter.
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