Robert Bosch has named its automotive electronics expert Volkmar Denner as the next CEO effective July 1. He will replace Franz Fehrenbach, who will be the supervisory board chairman at the biggest supplier of vehicle parts in the world. The appointment of Denner dismisses a report in German weekly manager magazine last week that the company's head of automotive unit Bernd Bohr would succeed Fehrenbach.
Since 2006, Denner was part of the board of management. Prior to that, he was Bosch's automotive electronics division head since 2003. Denner joined Bosch in 1986. In a statement, the company disclosed that Denner has been responsible for product planning, research and advance engineering, and technology coordination.
He has also been responsible since July 2010 for the "user experience" across the company's three business sectors. Bosch related that Denner has concentrated on searching opportunities for the company to benefit from the big technological shift through Web-enabled solutions such as the vehicle interconnectivity. Fehrenbach has been the CEO of Bosch since 2003. He will become the head of the supervisory board, replacing Hermann Scholl who will be retiring after 50 years working in the company.
Fehrenbach's career in Bosch started in 1975. He was a trainee prior to his top management positions in manufacturing. In 1999, he was named to the board of management. He then became Bosch CEO four years later.
Scholl will resign from his position on June 30. He became a junior member of the company's board of management in 1973, and he then became a full member in 1975. Scholl held the CEO position from 1993 until 2003, when he was assigned to head the supervisory board. Bosch stakeholders have made a decision that Scholl will hold the title of honorary chairman of the Bosch Group.