Robert Bosch has reshuffled its management board, adding oversight of the Chinese market to CEO Volkmar Denner’s responsibilities and naming the first woman to the body.
Two board members, Peter Tyroller and Christoph Kuebel, will be retiring from the board, Bosch said in a news release.
Tyroller, 62, has been a board member since 2013, coordinating operations in the Asia Pacific region, including Australia, China, India, Japan, southeast Asia and South Korea. He worked at Bosch from 1992-94, and rejoined the supplier in 2000.
Tyroller’s position will be dissolved, with Denner taking over China; Mobility Solutions division chairman Stefan Hartung assuming responsibility for India; Markus Heyn, head of mobility division sales and marketing, overseeing Japan and South Korea; and Uwe Raschke, head of consumer goods, responsible for southeast Asia and Australia.
Asia Pacific was Bosch's second largest region in 2019, with revenue of 22.9 billion euros, after Europe, with revenue of 41 billion euros. That represented a decline of 3.1 percent over 2018, with Bosch pointing to slumping automotive markets in China and India, although sales grew in Japan and South Korea.
Kuebel, 60, the head of industrial relations and personnel functions, started his career at Bosch in 1986 and has been on the board since 2012. He will be devoting himself “to other company-related activities,” Bosch said, without offering further details.
He will be replaced on the board by Filiz Albrecht, 48, who is head of human resources at Bosch. Albrecht is the first woman to be named to the board, a company spokeswoman said. She joined Bosch in 2017 from filter and intake maker Mann & Hummel, where she was a member of the management board.
The changes to the board will be effective Jan. 1.
Robert Bosch ranks No. 1 on the Automotive News Europe list of the top 100 global suppliers, with worldwide sales to automakers of $49.5 billion in 2018.