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Elmar Degenhart

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Elmar Degenhart
Elmar Degenhart, 2010
Born (1959-01-29) January 29, 1959 (age 65)
Dossenheim, Germany
NationalityGerman
Alma materUniversity of Stuttgart
Fraunhofer Institute
Occupation(s)CEO, Continental
PredecessorKarl-Thomas Neumann

Elmar Walter Degenhart (born January 29, 1959, in Dossenheim) is a German manager and was chairman of the Board of Continental AG from August 2009 to November 2020.[1][2][3]

Education

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Degenhart studied Aerospace Engineering at the University of Stuttgart and then received his doctorate from the Fraunhofer Institute for Manufacturing Engineering and Automation (IPA) in the field of clean room technology.[4]

Career

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He began his career in 1993 at ITT Automotive Europe, where he held various executive positions. In 1998, he became a member of the executive board of Continental Teves AG & Co OHG, in Frankfurt / Main. In 2004, he became chairman of the Chassis Systems Division at Robert Bosch GmbH, in Stuttgart. Between 2005 and 2008 he was chief executive officer (CEO) of the Keiper Recaro Group, in Kaiserslautern. He was also chairman of the board of the parent company, Putsch GmbH & Co. KG, in Kaiserslautern. In August 2008, Degenhart became Automotive director of Schaeffler KG, in Herzogenaurach.

On 12 August 2009, he succeeded Continental CEO Karl-Thomas Neumann, and became the new CEO of Continental AG, in Hannover.[5] In December 2013, his contract was extended until 2019.[6]

On 29 October 2020, Degenhart unexpectedly announces that he will resign from his office as chairman of the executive board of Continental AG on 30 November 2020 for health reasons.[7] Later, he explained that he had suffered a hearing loss, whereupon the doctors prescribed him rest.[8]

Awards

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In 2015, Degenhart was awarded the Karmarsch Medal by Leibniz Universitätsgesellschaft Hannover e.V. for his performance in the reorientation and further development of the Continental AG.[9]

Affiliations

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Since 1979, Degenhart is a member of the Catholic fraternity A.V. Alania Stuttgart.[10]

References

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  1. ^ "Vorstand - Continental AG". Continental AG - Startseite (in German). Retrieved 2018-10-11.
  2. ^ "Conti bald wieder bei € 80 (Seite 285)". wallstreet-online.de. Retrieved 2018-10-11.
  3. ^ "Continental: Ex-Chef Elmar Degenhart erklärt Abgang mit Hörsturz". Der Spiegel (in German). 2020-12-22. ISSN 2195-1349. Retrieved 2021-10-30.
  4. ^ "Porträt: Elmar Degenhart – ein Herkules für Conti" (in German). Retrieved 2018-10-11.
  5. ^ "Degenhart soll Conti aus der Krise führen". Wirtschaftswoche (in German). Retrieved 2018-10-11.
  6. ^ "Vorstandschef bleibt: Conti verlängert mit Degenhart um fünf Jahre" (in German). Retrieved 2018-10-11.
  7. ^ "Continental CEO Degenhart to Resign, Citing Health Reasons". Bloomberg.com. 2020-10-29. Retrieved 2020-10-30.
  8. ^ Alexander Preker (apr). "Continental: Ex-Chef Elmar Degenhart erklärt Abgang mit Hörsturz". DER SPIEGEL - Wirtschaft. Retrieved 2020-12-22.
  9. ^ "Karmarsch-Denkmünze". Leibniz Universitätsgesellschaft Hannover e.V. (in German). Retrieved 2018-10-11.
  10. ^ "Studentenverbindungen gestern und heute" (PDF). AStA Uni Hannover. Retrieved 2018-10-11.
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