Smith has decided to take his career in a completely different direction and will become chief executive of HF Holidays early next year.
“My career in the motor industry and particularly, the tyre industry, has been both enjoyable and rewarding. But, I now feel the time is right to embark on a fresh challenge.
I’m leaving behind a great team of people who I know will enable Continental to continue its growth and considerable achievements,” said Smith.
His successor as managing director of the Continental Tyre Group will be announced before the end of this year.