FRANKFURT -- German car supplier Continental AG will appoint Volkswagen manager Karl-Thomas Neumann to succeed Wolfgang Ziebart as head of its CAS division, Manager Magazin Online reported on Monday.
Ziebart will leave Continental to assume the post of chief executive at German chip maker Infineon by September.
Continental and Volkswagen declined to comment on the report.
According to the report, Continental's supervisory board will sign off the appointment of Neumann during Monday's meeting.
The 43-year-old Neumann last served as group head for electronics strategy by VW, reporting directly to CEO Bernd Pischetsrieder.
CAS, which supplies electronic brake and safety systems, was the biggest contributor to 2003 earnings with some $449.4 million in profits before interest, taxes and amortization.