| - Dr. Wolfgang Malchow and Peter Marks will step down effective December 31, 2011|
- Christoph Kübel has been appointed a member of the board of management effective January 1, 2012, and will take over from Wolfgang Malchow responsibility for human resources and social services
- Dr. Werner Struth has been appointed a member of the board of management effective January 1, 2012, and will take over from Peter Marks responsibility for the region North and South America
Stuttgart – Changes in the board of management: On the recommendation of the partners of Robert Bosch Industrietreuhand KG, the supervisory council of Robert Bosch GmbH has appointed Christoph Kübel (51) and Werner Struth (54) as members of the board of management effective January 1, 2012.
Kübel will take over from Dr. Wolfgang Malchow (61), who is retiring. Kübel studied business administration at the University of Applied Sciences in Pforzheim, Germany, and joined the Bosch Group as a trainee in 1986. Before taking on his present position as president of the Automotive Electronics division, he was, among other things, head of the Corporate Human Resources Policies Department, commercial director of Robert Bosch Elektronik GmbH in Salzgitter, Germany, and commercial plant manager in Tienen, Belgium.
Struth will take over from Peter Marks (57), who for personal reasons has opted not to renew his contract as a member of the board of management and who will be stepping down from his position on December 31, 2011.
Struth began his career at Bosch in 1989 as a manufacturing engineer, and has been president of the Chassis Systems Control division since 2005. Before that, Struth, who had trained and taken his doctorate as a mechanical engineer, was responsible for the company’s brakes business in Japan and later for Bosch’s worldwide diesel manufacturing operations.
Malchow has worked for the Bosch Group for 32 years in various functions and as a member of the board of management has been responsible for human resources and social services, legal services, compliance, taxes, intellectual property, internal auditing, and governmental and political relations since 2004. As from January 1, 2012, his successor Kübel will take over responsibility for these areas. Apart from these corporate responsibilities, Malchow has overseen the operations of the Packaging Technology division, for which Struth will be responsible as from January 1, 2012. Malchow studied law at the University of Munich and joined the Bosch Group in 1979 as a specialist advisor for labor law and industrial relations.
Marks has worked for the Bosch Group for 34 years in various functions and as a member of the board of management since 2002 has had regional responsibility for North and South America and corporate responsibility for manufacturing coordination and investment planning as well as for environmental protection. Marks studied mechanical engineering with special focus on manufacturing technology at the University of Applied Sciences in Konstanz, Germany, and joined the Bosch Group after his studies in 1977.
Professor Dr. Hermann Scholl, chairman of the supervisory council of Robert Bosch GmbH and of the shareholders’ meeting of Robert Bosch Industrietreuhand KG, said: “We owe Wolfgang Malchow and Peter Marks a profound debt of gratitude. With their competence and their long years of experience, as members of the board of management they have been of great service to their company and have carried out their duties with unparalleled success.”
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, some 285,000 associates generated sales of 47.3 billion euros in fiscal 2010. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in over 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 3.8 billion euros for research and development in 2010, and applied for over 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.
Bosch is celebrating its 125th anniversary in 2011. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as a “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.
Additional information can be accessed at www.bosch.com, www.bosch-press.com, and www.125.bosch.com.
Transition in Leadership - July 2011