2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
Bosch boss Franz Fehrenbach is apparently supposed to switch to the supervisory board of the world's largest automotive supplier. The head of the auto division, Bernd Bohr, is traded as his successor.
In the middle of the power center of the world's largest automotive supplier Bosch, decisive changes are imminent, according to a media report. As the online edition of "Manager Magazin" reported on Thursday, citing corporate circles, company boss Franz Fehrenbach will also head the supervisory board in the foreseeable future and later give up his executive chair entirely. The company did not deny it, but called the report "speculation".
Bosch plans to move staff
According to the magazine, the technology group is planning the personnel rogue as follows: Supervisory Board Chairman Hermann Scholl should resign his office "this year" and Fehrenbach should initially head the management and the supervisory body in one union. Later on, the 62-year-old Fehrenbach will give up management and will only be head of the supervisory board. This movement would have its role model: Scholl himself was chairman of the management board for ten years until he handed over management to Fehrenbach in 2003 and became head of the supervisory board. Scholl is 76 years old today. The report does not say when exactly Fehrenbach will hand over the line.
As the "Manager Magazin" further reports, however, successors for Fehrenbach are already being traded, including the head of the motor vehicle division, Bernd Bohr. "Top managers" are named as sources for this information. A company spokesman said on Thursday: "We do not comment on this and do not participate in speculation."
Around 300,000 people work for Bosch worldwide, which is more than, for example, at Daimler (271,000). In 2011, Bosch achieved an all-time record of sales of 51.4 billion euros. In the still young business field of alternative energies, however, there have recently been setbacks, so that the operating profit in 2011 came out at around 2.57 billion euros - more details are still unknown. In 2010, the ongoing business had generated a result of 3.5 billion euros. Bosch is 125 years old = and operates as a GmbH. (dpa)
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