Berlin, Germany – Major changes in management are underway at Robert Bosch, reports say.
CEO Volkmar Denner will step down at the end of the year, according to Automobilwoche, a sister publication of Automotive News Europe, although his contract was set to expire mid 2022.
Denner has led the German supplier since 2021, and will continue to be an advisor to the company after he leaves his position. Many important decisions have already been made for the next few years, and Denner would like to make room for others, a source told Automobilwoche.
His successor will be 55-year-old Stefan Hartung, who is currently head of the mobility division, according to the report.
In addition to Denner, Bosch Chief Financial Officer Stefan Asenkerschbaumer, 65, and supervisory board chairman Franz Fehrenbach, 72, will also be leaving the company at the end of the year.
Markus Forschner, who was previously responsible for purchasing, logistics, commercial tasks and human resources will take over as Financial Chief.
Markus Heyn will replace Hartung, as head of Bosch’s mobility division.
The changes will be announced after the supplier’s supervisory board meets on Thursday, the report said.