Bosch has announced that Dr. Christian Fischer will become chief executive from 1 July, replacing Stefan Hartung in an unexpected leadership transition at the world’s largest automotive parts supplier.
The company said Fischer, currently deputy chief executive, will take over after Hartung asked to step down from the board of management in close consultation with shareholders. Hartung has been a board member since 2013 and has served as chairman since 1 January 2022.
Despite Hartung’s contract renewal in October, he has stepped down at a time when the automotive supply industry continues to face pressure from high costs and weaker demand. Fischer, who previously served as deputy CEO, is expected to guide Bosch through a challenging operating environment.
Bosch had confirmed in October that Hartung’s contract had been extended for a further five years, which would have kept him in post until 2031.
During his tenure, Hartung led the company through a difficult period that included a profit decline last year. In April, he outlined plans to improve margins through tighter cost control and increased investment in new technologies.
Automotive suppliers are currently grappling with high costs, subdued demand and geopolitical tensions, particularly in the Middle East, which have increased risks around energy prices, supply chain stability and profitability. Bosch said Fischer has already played a key role in shaping the group’s strategy in recent years, signalling continuity as the company navigates ongoing pressure.
Fischer, who has been instrumental in defining Bosch’s strategic direction, is expected to maintain that continuity while addressing challenges including rising costs, weak demand and geopolitical uncertainty across the automotive supply sector.
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