Bosch auto chief Bernd Bohr to step down
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Bohr, 56, is retiring from Bosch for 'personal reasons.' Photo credit: Bloomberg |
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FRANKFURT (Reuters) -- Robert Bosch said Bernd Bohr, board member responsible for its auto-supply unit, will leave the company at the end of June at the age of 56.
Bohr has led the division for the past decade. He was once a candidate to become CEO of the manufacturing conglomerate, but Volkmar Denner, head of research and engineering, took the top job in July. Bosch is the world's largest auto-parts supplier.
In a statement on Friday, the company said Bohr is to retire for "personal reasons."
"In the future, he will perform advisory and supervisory-board activities and devote more time to his family and personal interests," the statement said. "The shareholders and the supervisory board underscored Bohr's outstanding work in the numerous functions he held during his many years with Bosch."
The company said Rolf Bulander, 54, will join the management board effective July 1, taking responsibility for many of the activities previously overseen by Bohr.
Bulander will be in charge of gasoline systems, Bosch engineering, diesel systems, starter motors and quality, the company said.
Bosch ranks No. 1 on the Automotive News Europe list of the top 100 global auto suppliers with estimated sales to automakers of $39.7 billion in 2011. The list is not yet completed for 2012.
Automotive News contributed to this report.
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