Continental says Matthias Matic will assume responsibility for the Hydraulic Brake Systems Business Unit of its Chassis & Safety Division headquartered in Frankfurt from 1 September.

Until then, he will continue to head the Chassis Components Business Unit. Matic succeeds Peter Laier, who has left to take up a position on the executive board of an unnamed German light manufacturer.

"I'm looking forward to the new challenge - hydraulic brake systems have proven their worth a million times over - they're a key component of automotive safety," said Matic.

"Friction brakes will continue to be an important topic for the foreseeable future. Our know-how in brake systems, plus our ContiGuard integrated safety concept, allows us to furnish customers with a package that contains everything needed to make a car safe."

The Hydraulic Brake Systems Business Unit develops and manufactures wheel brakes, electronic parking brakes, drum brakes, brake boosters, hoses, plus cleaning systems for windshields and headlights.