Bosch announces top management changes

July 16, 2012 | 09:14
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The German giant Bosch Group has announced changes at its top management positions in which Dr. Ing Hermann Scholl resigned from the group on June 30, 2012 after a period of 50 years.

Franz Fehrenbach to succeed Scholl and Volkmar Denner to be new chairman of the Bosch board of management effective from July 1, 2012, Bosch said in an announcement.

Changes will also be made at some other positions related to the new business sector Energy and Building Technology, Consumer Goods, effective from January 1, 2013.

Hermann Scholl was made a full member of the board of management in 1975 and chaired the board until 2003. He has been the chairman of the supervisory council since 2003. Scholl joined Robert Bosch Industrietreuhand KG as a shareholder in 1993, becoming a general partner in 1995. Since 2000, he has also been chairman of the shareholders' meeting.

Effective from June 30, 2012 Franz Fehrenbach will step down from the board of management and will join the supervisory council of Robert Bosch GmbH effective from July 1, 2012. At Robert Bosch Industrietreuhand KG, of which he has been a shareholder since 2003, Fehrenbach will in future be a general partner and take over the chair of the shareholders' meeting.

Effective July 1, 2012, Dr. Volkmar Denner (55) has been appointed the new chairman of the Bosch board of management. Effective from July 1, 2012, Denner will also join Robert Bosch Industrietreuhand KG as a shareholder.

At the same time, Dr.-Ing Dirk Hoheisel (53) will join the Bosch board of management. Hoheisel has been with Bosch since 1990 and has held various engineering positions. Hoheisel is currently Executive Vice President Engineering at Chassis Systems Control in Abstatt, near Stuttgart. From July 1, 2012, Hoheisel will be the board of management member responsible for Automotive Electronics and Car Multimedia.

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, more than 300,000 associates generated sales of 51.5 billion euros in fiscal 2011.

The Bosch Group comprises Robert Bosch GmbH and its roughly 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries.

This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent some 4.2 billion euros for research and development in 2011, and applied for over 4,100 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.

In fiscal 2011, the group grew more strongly than expected, despite a weaker global economy. Sales of the leading global supplier of technology and services increased by 9 per cent to $72.1 billion (EUR51.5 billion). Profit before tax stood at $3.64 billion (EUR2.6 billion).

In 2012, worldwide sales of the leading supplier of business and services are expected to grow between 3 and 5 per cent. Investments will remain on a high level with capital expenditure again exceeding $4.2 billion (EUR3 billion).

In Vietnam, Bosch’s sales revenue in Vietnam in fiscal 2011 continued to stay around the same level as last year. Total net sales of Bosch in Vietnam, including export sales to other Bosch entities, stand at $220.5 million (EUR157.5 million). This amounts to an extraordinary 75 per cent increase in total net sales compared to 2010, mainly due to the high volume sale orders that Bosch received for its local automotive pushbelt production.

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