Changes on the board of management of Robert Bosch GmbH

STUTTGART, Germany, July 2, 2012 /PRNewswire/ -- As proposed by the shareholders, the supervisory board of Robert Bosch GmbH has appointed Dr. Stefan Hartung (46) to the board of management of Robert Bosch GmbH effective January 1, 2013.

Hartung, who has been president of the Power Tools division since 2009, will in the future be the board of management member responsible for the Energy and Building Technology business sector, which will be created effective January 1, 2013. The holder of a doctorate in mechanical engineering, Hartung joined Bosch und Siemens Hausgerate GmbH in Munich in 2004. Before that, he worked for the Fraunhofer Society and the management consultants McKinsey & Company, Inc. in Dusseldorf.

Dr. Siegfried Dais (64), who has been a member of the board of management of Robert Bosch GmbH since 1998 and its deputy chairman since 2004, will be retiring at the end of the year. Dais, who has a PhD in physics, will remain a shareholder of Robert Bosch Industrietreuhand KG, a position he has held since 2007.

Dr. Rudolf Colm (59), who has been a member of the board of management of Robert Bosch GmbH since 2004 and will remain responsible for the Consumer Goods and Building Technology business sector, for the Western Europe, Middle Eastern Europe, Middle East, and Africa regions, and for the corporate sector Purchasing and Logistics until December 31, 2012, will be retiring at the end of the year.

Responsibility for consumer goods and the Western Europe, Middle Eastern Europe, Middle East, and Africa regions will then pass to Uwe Raschke (54), in addition to his responsibility for Asia Pacific. Raschke has been a management board member since 2008. He was previously president of the Power Tools division, a position he took up in 2003.

Responsibility for the corporate sector Purchasing and Logistics will pass from Dr. Rudolf Colm to Dr. Stefan Asenkerschbaumer (56), the Bosch board of management member responsible for business administration, finance and financial statements, planning and controlling, and, effective July 1, 2012, information technology.

Effective January 1, 2013, responsibility for Bosch Software Innovations GmbH, Immenstaad, Germany, and Robert Bosch Healthcare GmbH, Waiblingen (Germany) and Palo Alto (CA/USA), will also change hands. As of that date, Dr. Volkmar Denner (55), who becomes chairman of the Bosch board of management in July 2012, will assume responsibility for these companies. At the same time, he will hand over responsibility for user experience to Uwe Raschke, who will continue to drive forward work in this area.

The shareholders and the supervisory board paid tribute to the outstanding achievements of Dr. Siegfried Dais and Dr. Rudolf Colm, thanking them for their decades of tireless dedication, the final years of which were spent on the board of management. They wished Dr. Stefan Asenkerschbaumer, Dr. Volkmar Denner, Dr. Stefan Hartung, and Uwe Raschke every success in their new positions.

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.

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-press.com

SOURCE Robert Bosch GmbH