German automotive parts supplier Continental AG (CON.XE) said Saturday it has nominated Siegfried Wolf as a member of the supervisory board.

MAIN FACTS:

-Wolf, 53 years old, will succeed Rolf Koerfer, who resigned on Nov. 29, 2010 with immediate effect.

-Wolf is Chairman of the Board of Directors of the Russian Machines OJSC, and a former Co-Chief Executive Officer of automotive supplier Magna International Inc. (MGA).

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 
 
 
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