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Home > Headlines > Bosch extends CEO's contract by five years to 2031

Headlines

Bosch extends CEO's contract by five years to 2031

Published by Global Banking and Finance Review

Posted on October 28, 2025

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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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