Stefan Hartung, chief executive of German technology group Bosch, is stepping down, with his current deputy, Christian Fischer, replacing him on July 1, the company announced on Friday.
The 60-year-old is stepping down from his role as chairman of the board of management ahead of schedule at his own request with effect from June 30, the technology group in Gerlingen, near Stuttgart, said.
Hartung intends to devote himself to new social and business endeavours outside the Bosch Group in future.
The change is therefore taking place in close consultation and with the agreement of Bosch's senior management: "The shareholders and the supervisory board regret Stefan Hartung's decision and express their sincere thanks to him for his outstanding contributions to the prudent leadership of the company during an exceptionally challenging period," said supervisory board chairman Stefan Asenkerschbaumer.
