Bosch Limited announced key leadership changes following its Board meeting on February 17, 2026. The Board approved the appointment of Mr. Tillmann Olsen as the new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective June 01, 2026. This follows the resignation of the current CFO, Ms. Karin Gilges, who is moving to a global role outside India.
Key Board Decisions on Leadership Changes
Bosch Limited informed stock exchanges regarding key personnel changes approved during its Board meeting held on February 17, 2026. The decisions focused on the succession plan for the Chief Financial Officer role, based on recommendations from the Nomination and Remuneration Committee.
Appointment of New CFO: Mr. Tillmann Olsen
The Board has approved the appointment of Mr. Tillmann Olsen as the new Chief Financial Officer (CFO) of the Company, effective from June 01, 2026. Mr. Olsen will also assume the role of Key Managerial Personnel (KMP) concurrently.
Profile Highlights for Mr. Olsen
Mr. Olsen brings extensive global leadership experience, detailed across several key roles:
- 01/2022 – Present: Executive Vice President, Leader Business Unit Mobile Components at Bosch Rexroth AG, Germany. He held full P&L responsibility for worldwide business, focusing on R&D, production in key global regions, and portfolio renewal, including M&A activity.
- 01/2019 – 12/2021: Regional President for Bosch Rexroth Africa, managing full P&L responsibility for the continent (sales > 100 m EUR). He defined growth strategies and expanded the African footprint.
- 03/2018 – 12/2021: CEO of Bosch Rexroth South Africa Group of Companies (15 Group Companies). He led a Post Merger Integration (PMI) and established a new vision and strategy for growth.
- His earlier career includes senior management roles in France, Germany, and China, spanning areas such as Commercial Plant Management, Finance, and Strategic Purchasing, with a focus on turnaround performance and synergy identification.
Resignation of Current CFO: Ms. Karin Gilges
The Board accepted the resignation of the current CFO, Ms. Karin Gilges, who has resigned from her position effective from the close of business hours on May 31, 2026. Ms. Gilges is departing to take up a new global role within the Group, based outside India. The Board recorded its appreciation for her valuable contributions since her tenure began on May 01, 2022.
In her resignation letter dated February 10, 2026, Ms. Gilges confirmed that her departure is purely due to this new professional opportunity and is not related to any disagreement with the Company’s management or operations.
Concluding Remarks
The Board officially welcomes Mr. Tillmann Olsen to his new role commencing June 01, 2026. The Board meeting commenced at 17.15 hrs. (IST) and concluded shortly thereafter at 17.20 hrs. (IST).
Source: BSE
