Continental finance chief Olaf Schick stepping down

Hanover, Germany – Continental AG’s executive board member for finance, integrity and law Olaf Schick is stepping down from his position early.

Until his departure on 30 Sept 2025, Schick will remain committed to driving forward the planned spin-off and listing of Continental’s ‘automotive group sector’, the group said.

“The preparations for spinning off automotive and transforming Continental are groundbreaking challenges, and I will continue to dedicate myself to them,” according to Schick.

In an 11 Dec statement, the German group said its supervisory board will decide on Schick’s successor in “due course”.

Schick joined Continental’s executive board member for integrity and law in May 2023 and has been the group’s chief financial officer since 1 July.

Prior to that, he held key financial positions within the Daimler Group, including CFO of Mercedes-Benz Group China; chief compliance officer at Daimler AG and CFO of Mercedes-Benz Russia.