Headlines
Bosch extends CEO's contract by five years to 2031
Published by Global Banking and Finance Review
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
Bosch 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)
A spokesperson is an individual authorized to speak on behalf of an organization, company, or group. They communicate information, respond to inquiries, and represent the entity in public or media interactions.
The financial community encompasses individuals, organizations, and institutions involved in the finance sector, including banks, investors, regulators, and financial service providers, all working together in the economic ecosystem.
Explore more articles in the Headlines category
