Leadership Change at Bosch Rexroth AG
Germany headquartered Bosch Rexroth AG, the parent company of the Bosch Rexroth Canada Corp., will enact a management change effective July 1, 2010 with Dr. Karl Tragl taking over the dual positions of president and chairman of the Board of Management.
As well, the company plans to begin a structural reorganization this summer, aligning itself by market segments and industries across three business units–Mobile Applications; Industrial Applications, and; Renewable Energies–rather than technology groups.
The realignment of the company was formulated by out-going chairman Dr. Albert Hieronimus will be leaving the Board of Management, a position he has held since February 2008. He will become a member of the Bosch Rexroth AG Supervisory Board starting on January 1, 2011 and will serve as a consultant to the company until that point.
Bosch Rexroth’s Supervisory Council has appointed Tragl, currently executive vice-president of sales, as his successor. As the new president, Tragl will take over responsibility for the Industrial Applications unit and will implement the alignment shift of the company.
“Bosch Rexroth has enjoyed tremendous growth over the years with a structure based on technology-oriented business units covering electric drives and controls, hydraulics, linear motion and assembly, and pneumatics,” explains Berend Bracht, president and chief executive officer of Bosch Rexroth in the Americas. “By structuring the company according to market segments and industries we are adapting to the market change from a component business toward a system and solution business to serve our customer needs.
“Many of our customers are developing more complex, yet also more cost-efficient machinery with faster times to market. To help achieve these goals they need custom all-in-one solutions from competent suppliers like Bosch Rexroth.”
For more information please visit: www.boschrexroth.ca.