Bosch Limited announced on February 17 that Karin Gilges has resigned as Chief Financial Officer and Alternate Director, with her departure effective at the close of business on May 31, 2026. According to the latest company disclosure, the resignation follows her appointment to a new global assignment within the Bosch Group outside India. The board accepted her resignation and placed on record its appreciation for her contributions since assuming the CFO role on May 1, 2022. The board meeting commenced at 17:15 hrs (IST) and concluded at 17:20 hrs (IST) on February 17, 2026, with the company filing the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gilges has committed to ensuring a smooth transition before taking up her international role.
The board approved the appointment of Tillmann Olsen as Chief Financial Officer and Key Managerial Personnel with effect from June 1, 2026, subject to regulatory approvals. As reported by Indian Television Dot Com, Olsen currently serves as Executive Vice President at Bosch Rexroth AG, Germany, where he leads the global Mobile Components business unit with over 1,500 employees and annual sales exceeding €400 million. His previous roles include Regional President of Bosch Rexroth Africa and Chief Executive Officer of Bosch Rexroth South Africa Group, where he oversees operations across 15 companies and delivered a compound annual growth rate of more than 8%. Olsen brings more than two decades of experience within the Bosch ecosystem and has a track record in mergers, acquisitions and restructuring, including a global inventory reduction programme that unlocked over €500 million in free cash.
According to the latest disclosure, Olsen has held senior finance and leadership positions in France, China and Germany, with experience in mergers and acquisitions, purchasing and business transformation initiatives. As reported by Indian Television Dot Com, his earlier roles include Regional President of Bosch Rexroth Africa and Chief Executive Officer of Bosch Rexroth South Africa Group, where he oversaw strategy execution, operational restructuring and expansion across multiple markets. His career highlights include managing 1,500+ associates worldwide with global business oversight across South and North America, Europe, India, and China. His previous stints include turnaround roles in France and the creation of a sourcing organisation in China spanning Hong Kong, Shanghai and Beijing.
The board stated that the leadership transition is expected to ensure continuity in the company's financial management and support its ongoing strategic priorities. According to Indian Television Dot Com, the resignation is solely due to this new professional opportunity and is not linked to any disagreement with the company, its board or management. The planned transition timeline allows for a comprehensive handover process, with Ms. Gilges committed to ensuring smooth transfer of responsibilities and extending full cooperation during the transition period.
As reported by CNBC TV18, Bosch Limited shares closed at ₹35,350.00 on the NSE, down 0.38% following the announcement of the leadership transition. The company's strong financial performance in Q3 FY26, with 9.4% revenue growth to ₹48,856 million and 16.1% net profit increase to ₹5,321 million, demonstrates robust operational efficiency across key business segments.
