Print HANOVER, Germany — Continental A.G. has extended Christian Koetz's status as executive board member in charge of Conti's tire business and purchasing operations by five years until April 2027. Mr. Koetz was promoted to his current positions on Conti's executive board in March 2019, succeeding Nikolai Setzer, who was named then as the spokesman for the then-newly created "automotive board." Under his leadership, Continental expects the tire business to remain an "important source of value and a guarantor of stability" for the entire group, according to CEO Nikolai Setzer, who noted Mr. Koetz has played "a pivotal role" in recent years in the promotion of new technologies, particularly digital tire solutions and the implementation of sustainability objectives.