Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleBosch has extended CEO Stefan Hartung's contract to 2031, amidst plans to cut 13,000 jobs due to market challenges and a significant cost gap.
BERLIN (Reuters) -The CEO of German auto parts supplier Bosch, Stefan Hartung, has had his five-year contract renewed for another five years, extending his tenure to 2031, the company said on Tuesday.
A company spokesperson said that Hartung's contract had been renewed as a matter of course "some time ago," confirming a report in the business news outlet Handelsblatt earlier on Tuesday.
In September, the company said it would cut 13,000 jobs as the world's top autos supplier battles a sluggish market, high costs and pressure from rivals that have left it with an annual cost gap of 2.5 billion euros ($2.9 billion).
(Writing by Friederike Heine, editing by Kirsti Knolle)
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