Bosch Limited announced a planned transition in its Chief Financial Officer position during a Board of Directors meeting held on February 17, 2026. The automotive technology company revealed the appointment of Mr. Tillmann Olsen as the new CFO while accepting the resignation of current CFO Ms. Karin Gilges.

Leadership Transition Details

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, approved key changes to the company's senior management structure:

Ms. Gilges submitted her resignation on February 10, 2026, citing her appointment to a global role within the Bosch Group based outside India. The resignation letter explicitly stated that the decision was purely due to this new professional opportunity, with no disagreements or concerns regarding the company, its Board, management, or operations.

New CFO Profile and Experience

Mr. Tillmann Olsen brings extensive international experience across multiple Bosch Group entities. His career highlights include:

Current Role (01/2022 – present):

• Executive Vice President, Leader Business Unit Mobile Components at Bosch Rexroth AG, Germany
• Managing over 1,500 associates worldwide
• Full P&L responsibility for global business exceeding 400 million EUR in sales
• Oversight of R&D and production activities across South and North America, Europe, India, and China

Previous Leadership Positions:

• Regional President Bosch Rexroth Africa (01/2019 – 12/2021): Led approximately 850 associates with sales exceeding 100 million EUR
• CEO of Bosch Rexroth South Africa Group (03/2018 – 12/2021): Managed 15 Group Companies across 7 African countries
• Commercial Plant Manager at Bosch Rexroth DSI SAS France (08/2014 onwards): Oversaw 570 associates with sales exceeding 100 million EUR

Board Meeting Proceedings

The Board meeting commenced at 17:15 hrs (IST) and concluded at 17:20 hrs (IST) on February 17, 2026. The company filed the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory requirements.

Smooth Transition Process

The Board expressed appreciation for Ms. Gilges' valuable contributions during her tenure as Chief Financial Officer. 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.

The appointment strengthens Bosch Limited's leadership team with Mr. Olsen's proven track record in financial management, strategic planning, and international business operations across diverse markets and business units within the Bosch ecosystem.

Bosch Limited delivered robust financial performance in the third quarter of FY26, demonstrating strong operational efficiency and market positioning. The automotive technology leader announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing significant growth across key business segments.

Financial Performance Overview

The company's financial results reflect strong demand across passenger cars and off-highway segments, driving substantial revenue growth.

For the nine-month period, the company maintained strong momentum with revenue from operations reaching ₹144,690 million compared to ₹131,768 million in the previous year, representing a 9.8% increase. Net profit for the nine-month period stood at ₹22,017 million, significantly higher than ₹14,596 million in the corresponding period of the previous year.

Segment-wise Performance

The company's diversified business portfolio demonstrated varied performance across different segments during Q3 FY26.

The automotive products segment, which forms the core of Bosch's business, showed strong growth of 13.4% in Q3 FY26. This growth was primarily driven by higher demand in passenger cars and off-highway segments, reflecting the overall positive momentum in the automotive sector.

Investor Concall and Presentation

The company has scheduled an investor concall for Q3 FY26 results on February 9, 2026. The investor presentation highlights the synchronized upturn in the Indian automotive sector, underpinned by festive momentum, policy support, and revived consumer confidence.

The presentation showcases strong performance across key business segments, with Power Solutions demonstrating exceptional growth driven by broad-based strength across all vehicle segments, particularly in Tractor and Heavy Commercial Vehicle segments.

Leadership Changes and Corporate Developments

The Board of Directors approved significant organizational changes during their meeting held on February 6, 2026. The company announced the appointment of Sanmay Dasgupta as Vice President – Power Tools, effective February 1, 2026, and as Senior Management Personnel effective February 6, 2026.

Sanmay Dasgupta brings extensive experience with two tenures at the Bosch Group, including leadership roles in sales, service, project management, and general management across multiple Indian locations and international assignments.

Business Segment Highlights

The investor presentation reveals strong performance across multiple business segments. The Power Solutions segment demonstrated exceptional performance with 19.5% growth in Q3 FY26, while the Two-Wheeler and Powersports segment achieved remarkable 58.3% growth. The Mobility Aftermarket business showed resilience with 5.3% growth, rebounding after initial GST 2.0 impact.

Exceptional Items and Business Transfers

The company's financial results included exceptional items totaling ₹5,560 million for the nine-month period, primarily from business transfer gains. The company completed the transfer of its "Video solutions, Access and Intrusions and Communication systems" business to Keenfinity India Private Limited for a consideration of ₹5,950 million, recognizing a gain of ₹5,560 million.

Strategic Focus and Market Outlook

Managing Director Guruprasad Mudlapur highlighted the company's strategic focus on market leadership and operational efficiency. The strong performance reflects robust sales growth across key components in passenger cars and off-highway segments, positioning the company well for continued growth in the evolving automotive technology landscape. The Indian automotive sector recorded a synchronized upturn in Q3 FY26, supported by festive momentum and policy initiatives.