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ContiTech invests in Israeli startup Feelit
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Continental invests as Israeli co FeelIT raises $8m
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Continental s ContiTech division promotes new CEO
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Jun 1st, 2021
Continental
HANOVER, GERMANY Philip Nelles (age 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.
Nelles“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,” Nelles remarked, adding: “Together with our global team,
Print
Continental A.G. is taking a new approach for the hose and line business that is part of its Mobile Fluid Systems unit.
Going forward, the firm will more strongly target e-mobility as a major growth market, and at the same time help automotive and other vehicle manufacturers further reduce emissions to meet increasingly strict standards. The strategy involves focusing on two main areas: thermal management and low-emissions mobility. Hoses and lines are absolutely essential factors in achieving emission-free and low-emission mobility, Philip Nelles, head of the Mobile Fluid Systems unit, said in a statement. This is where we are stepping in to make an important contribution to sustainable mobility, and our order books are already reflecting this.