Bosch names Tillmann Olsen as CFO; Karin Gilges to step down in May 2026

Bosch Limited on February 17 announced the resignation of its Chief Financial Officer Karin Gilges and the appointment of Tillmann Olsen as the new CFO, following a board meeting held the same day.The company said Gilges has tendered her resignation with effect from the close of business hours on May 31, 2026, after being appointed to a global role within the Bosch Group based outside India. 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 board accepted her resignation and placed on record its appreciation for her contributions since assuming the CFO role on May 1, 2022.

Based on the recommendations of the Nomination and Remuneration Committee, the board approved the appointment of Olsen as Chief Financial Officer and Key Managerial Personnel with effect from June 1, 2026. Olsen currently serves as Executive Vice President at Bosch Rexroth AG, Germany, where he leads the global Mobile Components business unit with full profit and loss responsibility for operations spanning Europe, the Americas and Asia.
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. Olsen has also held senior finance and leadership positions in France, China and Germany, with experience in mergers and acquisitions, purchasing and business transformation initiatives.Also read: Q3 Results Highlights: Bosch India profit up 16% YoY; Ram Ratna Wires profit jumps 74%

The board said the leadership transition is expected to ensure continuity in the company’s financial management and support its ongoing strategic priorities.

Bosch Limited shares closed at ₹35,350.00 on the NSE, down 0.38%.