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Company Overview of Robert Bosch GmbH

Company Overview

Robert Bosch GmbH, together with its subsidiaries, provides technology and services worldwide. It operates through four segments: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Automotive Technology segment offers gasoline systems, diesel systems, chassis systems control, electrical drives, starter motors and generators, car multimedia, automotive electronics, automotive aftermarket products, and steering systems. The Industrial Technology segment provides drive and control technology for power, control, and actuator systems for applications in industrial automation, mobile machinery, and commercial vehicles, as well as in renewable ener...

Bosch Service Center

Postfach 30 02 20

Stuttgart,  70442

Germany

Founded in 1886

281,381 Employees

Phone:

49 711 400 40990

Fax:

49 711 400 40999

Key Executives for Robert Bosch GmbH

Deputy Chairman of Management Board and Head of Finance & Controlling
Age: 58
Member of Management Board and President of Manufacturing Coordination, Production System Development & Investment Planning; Environmental Protection
Age: 56
Member of Management Board and President of Chassis Systems Control; Electrical Drives; Starter Motors & Generators
Age: 52
Member of Board of Management
Age: 56
Member of Board of Management, President of Legal Services, President of Compliance, President of Human Resources & Social Services, President of Cip Coordination, President of Taxes, President of Intellectual Property, President of Internal Auditing, President of External Affairs and President of Governmental & Political Relations
Compensation as of Fiscal Year 2014.

Robert Bosch GmbH Key Developments

Robert Bosch GmbH, Bayerische Motoren Werke AG and Vattenfall AB Launch Second Life Batteries Alliance

Robert Bosch GmbH, Bayerische Motoren Werke AG, or BMW, and Vattenfall AB have launched the Second Life Batteries alliance. BMW is supplying batteries from its ActiveE and i3 electric vehicles, while Vattenfall has agreed to operate the massive storage system at its site for a period of ten years. Bosch is in charge of integrating the batteries and managing the system. The storage solution will become part of an already existing Vattenfall virtual power plant. This allows the partners to combine various small, decentralized power generating systems to market them as a shared power plant. Lithium-ion batteries still have high storage capacity at the end of their life cycle in electric vehicles. As a result, they are still very valuable and can be used extremely efficiently as stationary buffer storage for many years to come. The project allows the three partners to gain numerous new insights into potential areas of application for such batteries, their aging behavior, and their storage capacity. Bosch's management algorithm is intended to ensure maximum service life and performance as well as other benefits. Electro mobility can also benefit from this development by making it possible to charge vehicles with solar power at night along with a host of other options. In addition, a storage system can supply its energy rapidly to stabilize power grids as part of a virtual power plant, for example. The current plans call for the construction of a storage unit with an output of two megawatts (MW) and an installed capacity of two megawatt hours (MWh) in Hamburg. The energy will be fed into the energy balancing market to balance out short-term fluctuations in the power grid. More than 100 vehicle batteries will be interconnected to achieve these targets. The entire system is compact enough to fit in a small building. It provides enough output in mathematical terms to supply 30 four-person households with power for seven days. The partners expect the storage unit to be operational by the end of 2015.

Bosch Group Announces Preliminary Earnings Results for the Year 2014

Bosch Group announced preliminary earnings results for the year 2014. For the year, the company increased its sales by 6.2% in 2014, to EUR 48.9 billion. After adjusting for exchange-rate effects, sales growth was 7.2%. Sales results were negatively impacted by exchange-rate effects to the tune of nearly EUR 500 million. The company also improved its earnings situation in 2014. According to preliminary figures, the company’s earnings before interest and taxes (EBIT) came to nearly EUR 3 billion, with an EBIT margin of roughly 6.1%. This is roughly 1 percentage point better than the value for 2013, adjusted for one-off and extraordinary effects.

Robert Bosch GmbH Announces Management Changes

Robert Bosch GmbH announced changes on the board of management. Effective March 31, 2015, Wolf-Henning Scheider will be leaving the company. As from July 1, 2015, he will become chairman of the board of management of MAHLE GmbH. Dr. Rolf Bulander will head up the Bosch business sector Mobility Solutions from April 1, 2015. As before, he will be responsible for the Diesel Systems, Gasoline Systems, and Starter Motors and Generators divisions, and will also have corporate responsibility for quality. In addition, he will be assuming responsibility for the Electrical Drives division. Effective April 1, 2015, Dr. Markus Heyn will be appointed to the board of management. There, he will assume responsibility for Automotive Original Equipment Sales, Marketing and Sales, the Automotive Aftermarket division, and the subsidiaries ETAS GmbH and Bosch Engineering GmbH. As before, Dr. Dirk Hoheisel will be responsible for the Chassis Systems Control, Car Multimedia, and Automotive Electronics divisions, as well as for Automotive Systems Integration. Effective April 1, 2015, he will also assume responsibility for the Automotive Steering division. Stuttgart - Wolf-Henning Scheider (52) is leaving the Bosch Group effective March 31, 2015, and joining MAHLE GmbH. Effective July 1, 2015, he will become chairman of its board of management. Effective April 1, 2015, Dr. Rolf Bulander (56) will assume responsibility for the Mobility Solutions business sector. Operationally, he will be responsible for the Diesel Systems, Gasoline Systems, and Starter Motors and Generators divisions, and will also have corporate responsibility for quality. In addition, he will be responsible for the Electrical Drives division in the future. At the same time, Dr. Markus Heyn (50) will be joining the board of management of Robert Bosch GmbH. Following a proposal by the shareholders, this was decided by the supervisory board. His future areas of responsibility will include Automotive Original Equipment Sales and Marketing and Sales. He will also be responsible for the Automotive Aftermarket division and the ETAS GmbH and Bosch Engineering GmbH subsidiaries. Heyn, who also has a PhD in mechanical engineering, has been with Bosch since 1999. Most recently, he was president of the Diesel Systems division. As part of the reshuffle of responsibilities, Dr. Dirk Hoheisel (56) will retain responsibility for the Chassis Systems Control, Car Multimedia, and Automotive Electronics divisions. He will also assume responsibility for the new Automotive Steering division. The latter change is subject to the antitrust authorities approving the complete acquisition of ZF Lenksysteme GmbH. In addition, Hoheisel will remain responsible for Automotive Systems Integration. Hoheisel, who has a PhD in electrical engineering, has been a member of the board of management since 2012. He was previously a member of the executive management of the Car Multimedia and Chassis Systems Control divisions.

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