Changes on the board of management of Robert Bosch GmbH

• Dr. Frank Meyer is to be appointed to the board of management, where he will assume responsibility for the Energy and Building Technology business sector from Dr. Christian Fischer.
• Dr. Christian Fischer will in the future be responsible for Bosch Group strategic growth initiatives, while retaining his responsibility for the Consumer Goods business sector.
• Dr. Tanja Rueckert will assume responsibility for the Industrial Technology business sector from Dr. Markus Forschner, who will now focus on his role as CFO.

Effective February 1, 2024, the following personnel changes will take effect on the board of management of Robert Bosch GmbH.

Dr. Frank Meyer (45) will be appointed to the board of management of Robert Bosch GmbH, assuming responsibility for the Energy and Building Technology business sector with its Building Technologies and Home Comfort Group divisions and Smart Home subsidiary.

A physics PhD, Meyer is joining Bosch from the German energy provider E.ON, where he has held executive positions with international responsibility since 2016 – most recently, since 2021, as CEO of E.ON Italia. His previous roles included chief innovation officer of E.ON and CEO of E.ON Solutions GmbH, where he was responsible for the establishment of new business in the areas of smart-home energy solutions and electromobility. Meyer also previously worked for Vodafone Deutschland, and as a consultant with the Boston Consulting Group.

Dr. Christian Fischer (55), deputy chairman of the board of management of Robert Bosch GmbH and limited partner of Robert Bosch Industrietreuhand KG, will retain his responsibility for the Consumer Goods business sector, which includes the Power Tools division and BSH Haushaltsgeräte GmbH. He will also take charge of the Growth Acceleration 2030 project, and thus assume responsibility for the Bosch Group’s strategic growth initiatives.

“In the shape of Frank Meyer, we are gaining an internationally experienced manager who has successfully overseen technology and service business with business customers and consumers, and focused on innovation and sustainability,” said Prof. Stefan Asenkerschbaumer, the managing partner of Robert Bosch Industrietreuhand KG and chairman of the supervisory board of Robert Bosch GmbH. Dr. Stefan Hartung, the chairman of the board of management of Robert Bosch GmbH, added: “Under the leadership of Christian Fischer, major steps have been taken to pave the way for the successful development of the Energy and Building Technology business sector. This year, it has already achieved its 2025 targets for sales and result. This is a good basis for Frank Meyer to build on.”

“With this reassignment of responsibilities within the board of management, we are putting ourselves in a good position for the future, as well as for further growth of our business with consumer goods and energy and building technology,” Christian Fischer said.

While retaining her existing responsibilities, which include the area of digital business and services, Dr. Tanja Rückert (53), CDO, will assume responsibility for the Industrial Technology business sector, with its Drive and Control Technology division and the Bosch Manufacturing Solutions business unit. Especially in industrial technology, digitalization is progressing at a rapid pace. Bosch has been digitalizing and connecting its own plants, as well as those of its customers, for more than ten years now, and is now combining Industry 4.0 with artificial intelligence. The borders between these domains are becoming increasingly blurred. In recognition of this development, Bosch is assigning responsibility for these domains to Tanja Rueckert.

Dr. Markus Forschner (56), who has successfully held responsibility for the Industrial Technology business sector for an interim period, will in the future focus on his duties as chief financial officer.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.

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 upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. 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.

Additional information is available online at www.bosch.com, www.iot.bosch.com