Oliver Winschiers Named Managing Director, Continental Tire Canada

FORT MILL, SC – June 17, 2009 –  Continental Tire North America (CTNA) today announced the appointment of Oliver Winschiers to the position of Managing Director of Continental Tire Canada. Winschiers will be based in Mississauga, Ontario, Canada and will be responsible for the profitable growth and overall operation of the Canadian division of Continental Tire North America.

Winschiers was previously Director, Corporate Purchasing for Continental’s Automotive and Rubber Groups in The Americas, based in Auburn Hills, Mich. He was also responsible for the direct material purchasing for Continental Tire North America, including the overall operation of the Aldora Mills cord fabric plant in Barnesville, Ga. He came to Continental via Siemens VDO. In October 1997, Winschiers joined Siemens AG in Stuttgart, Germany as a regional sales manager for document management systems before moving to the purchasing function within Siemens VDO automotive business.

While growing up, Winschiers lived in Holland, Germany, Tunisia and Iraq before returning to Germany to complete his education. He is fluent in German, French, English and Spanish, and he studied business administration in Germany.

Oliver brings a truly global perspective to our Canadian operations and our Americas management team, said Matthias Schoenberg, CEO of CTNA. His background in sales and purchasing provides solid business management experience for Continental in Canada.

Winschiers’ appointment is effective July 15 and he will report directly to Matthias Schoenberg.

Jay Dhillon, who was acting Managing Director in Canada, will ensure a good transition before returning to US to continue managing the Automotive Aftermarket and General Merchandise business of Continental Tire.

With sales exceeding euro 24 billion in 2008, the Continental Corporation is one of the top automotive suppliers worldwide. As a supplier of tires, brake systems, systems and components for the powertrain and chassis, instrumentation, infotainment solutions, vehicle electronics, and technical elastomers, the corporation contributes towards enhanced driving safety and protection of the global climate. Continental is also a competent partner in networked automobile communication. The corporation currently employs approximately 133,000 at nearly 190 locations in 35 countries.