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Article: Challenges await new Robert Bosch team.(Franz Fehrenbach, Siegfried Dais, Robert Bosch GmbH)
- Article from:
- Automotive News
- Article date:
- February 24, 2003
- Author:
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Edmund Chew
The two men who take over Robert Bosch GmbH on July 1 face a more severe test than might be apparent at the $37.8 billion German supplier.
As Franz Fehrenbach, 53, and his No. 2, Siegfried Dais, 54, prepare to assume the top management positions in Stuttgart, it looks like a textbook-perfect management transition. They replace CEO Hermann Scholl, 67, and his deputy, Tilman Todenhofer, respectively.
Bosch is Europe's No. 1 supplier. Sales are up. Profits are steady. But Scholl is concerned with the supplier's growth. ``If we don't achieve 7 percent operating margins we cannot maintain the growth rate of the last 20 years,'' he ...