Posted June 1, 2021

Nelles named CEO of ContiTech business

Philip Nelles has officially taken up his responsibilities as the new CEO of Continental’s ContiTech business area.

Pilip NellesIn his new role, Nelles stands committed to driving the unit’s ongoing transformation as a provider of innovative solutions for a highly industrial clientele.

“We consider it our corporate responsibility to develop cutting-edge materials and innovative technologies together with and for our diversified customers. Sustainability is equally an enormous chance and a key driver for innovations for new and completely changed future business models. This enables us to not only stay on top of the evolving needs of ever-changing markets, but also to do our part in fulfilling the societal responsibilities to which the entire company group stands committed. And the sum total of all of this is that we are steadily paving the way to future viability,” said Nelles.

ContiTech ranks among the world’s leading solution providers for customers in a wide range of sectors, including agriculture, machine and plant engineering, mining and the automotive industry. Among ContiTech’s top medium- and long-term priorities is the digitalization of its products and systems, and the expansion of its business by means of dedicated services for various industries.

“With our strategic focus on ‘Smart and Sustainable Solutions Beyond Rubber,’ we have already set out on the right path. Now our sights are firmly set on achieving this goal to the fullest,” said Nelles. ContiTech is also committed to increasingly leveraging business opportunities emerging in Asia’s growth markets. Another priority high on the business unit’s agenda is reducing its dependency on the automotive industry’s business cycles by further diversifying its customer portfolio.

Last year, roughly $220 million (180 million euros) were invested in the modernization and expansion of ContiTech’s production facilities around the globe. Investment was below that of the previous year due to the effects of the pandemic.

“Provided the business climate remains stable, we will once again be stepping up our investments – most notably in the ongoing digitalization of our production plants – so as to accelerate our progress on the road to integrated, digital manufacturing and Industry 4.0 on a global scale. One important component is the needs-orientated qualification and training of our employees. We want to accompany them in the transformation process and make them fit for future digital working environments,” said Nelles.