Philip Nelles (47) has officially taken up his responsibilities as the new CEO of Continental’s ContiTech business area. In 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,” remarked ContiTech Executive Board member Phillip Nelles.
Thanks to ContiTech’s extensive materials know-how and many years of experience in engineering products and systems based on high-performance plastics, rubber, metals, fabrics and electronic components, ContiTech today ranks among the world’s leading solution providers for customers in a wide range of sectors, e.g. 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. Focus is particularly on profitable growth fields.
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.
In its March 16 resolution, Continental’s supervisory board appointed Nelles to its executive board with effect from June 1, 2021, as the successor to Hans-Jürgen Duensing (63). For personal reasons and at his own request, Duensing was relieved of his responsibilities with effect from May 31, 2021, following 35 years of dedicated service to the company and its customers.
Courtesy of Continental.