Changes at Robert Bosch GmbH and Robert Bosch Industrietreuhand KG

STUTTGART, Germany, March 30, 2012 /PRNewswire/ -- Following 50 years with Bosch, in which he held a number of important positions in the company, Professor Dr.-Ing. Hermann Scholl is to resign from office effective June 30, 2012. At the same time, he will retire from Robert Bosch Industrietreuhand KG.

Hermann Scholl was made a junior member of the board of management in 1973 and a full member in 1975. He chaired the board of management until 2003. He has been the chairman of the supervisory council since 2003. He 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. The shareholders and the supervisory council extolled the outstanding work Hermann Scholl has done in his many years with the company. The shareholders of Robert Bosch Industrietreuhand KG have decided to confer the title "Honorary Chairman of the Bosch Group" on Scholl.

Effective June 30, 2012, Franz Fehrenbach, who has been a member of the board of management since 1999 and its chairman since 2003, will step down from the board of management. Following a resolution of the shareholders of Robert Bosch GmbH, he will join the supervisory council of Robert Bosch GmbH effective July 1, 2012. The supervisory council has elected him its chairman as of 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.

The shareholders' meeting and the supervisory council thanked Fehrenbach for the nine extremely successful years in which he had been chairman of the Bosch board of management.

Effective July 1, 2012, Dr. rer.nat. Volkmar Denner (55) has been appointed the new chairman of the Bosch board of management. Volkmar Denner joined Robert Bosch GmbH in 1986, and has been a member of the board of management since 2006. Before he joined the board of management, Denner, who has a doctorate in physics, was president of the Automotive Electronics division from 2003. On the board of management, he was initially responsible for the Automotive Electronics, Car Multimedia, Starter Motors and Generators, and Electrical Drives divisions. Since July 1, 2010, he has been responsible for the Corporate Sector Research and Advance Engineering, for product planning and technology coordination, and for the "user experience" issue across all three business sectors. In addition, he is responsible for the Automotive Electronics and Car Multimedia divisions. Effective July 1, 2012, Denner will also join Robert Bosch Industrietreuhand KG as a shareholder.

For a number of years, Denner has focused on the issue of dynamic technological change and the opportunities arising for Bosch from services and solutions that are increasingly web-enabled. One example of this is vehicle interconnectivity.

Effective July 1, 2012, Dr.-Ing Dirk Hoheisel (53) will join the Bosch board of management. A qualified electrical engineer, 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. According to preliminary figures, more than 300,000 associates generated sales of 51.4 billion euros in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal 2011. The Bosch Group comprises Robert Bosch GmbH and its more than 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 more than 4 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.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering." The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Further information is available online at www.bosch.com and www.bosch-presse.de

SOURCE Robert Bosch