Bosch Picks Hartung as New CEO to Tackle Industry Transformation
- Volkmar Denner has led engineering giant for almost a decade
- Global chip shortage to weigh on Bosch’s earnings this year
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Robert Bosch GmbH Chief Executive Officer Volkmar Denner will hand over the reins to automotive unit head Stefan Hartung at the end of the year after running the German engineering giant for almost a decade.
Denner, 64, will become a scientific adviser focused on the company’s research into quantum technology, Bosch said Thursday in an emailed statement. The CEO changeover and additional management appointments take effect on January 1, 2022.