FRANKFURT -- Karl-Thomas Neumann will start his new job as head of Continental AG's automotive systems division (CAS) on October 1, the German tiremaker and car-parts group said on Tuesday.
Neumann, 43, has been released as of that date by Volkswagen AG, where he led the VW brand's electrical and electronics business.
Continental named Neumann to the post last month to succeed Wolfgang Ziebart as soon as possible. Ziebart is leaving the company to become chief executive at Munich-based chipmaker Infineon.
CAS generated 2003 sales of more than 4.6 billion euros and employs nearly 20,000 staff. It contributed the most to company earnings in 2003, with some 370 million euros of Continental's 855 million in profits before interest, taxes and amortization.
The division supplies electronic brake and safety systems and has benefited from the steadily increasing use of electronics in cars.