Bosch will be joined on the Board of Management by two acknowledged software experts and CARIAD will announce these appointments shortly.
British luxury carmaker Bentley’s board member Peter Bosch has been appointed as the chief executive officer of Volkswagen‘s wholly-owned subsidiary CARIAD. Bosch will take charge from June 1 and will simultaneously also assume responsibility for Finance, Purchasing, and IT, CARIAD’s parent company said in a blog on Monday.
“Peter Bosch is the right CEO at the right time,” Oliver Blume, CEO of the Volkswagen Group and Chairman of the Supervisory Board of CARIAD, said. “He is a strategist, an enabler and a team player. He successfully proved that at Bentley. He knows the Volkswagen Group well and also has extensive experience in the fields of change and consulting.”
Bosch will be joined on the Board of Management by two acknowledged software experts, Volkswagen said; adding that CARIAD will announce these appointments shortly. The German automobile company announced that Rainer Zugehör is the final Board Member who will retain his role as Chief People Officer. Meanwhile, Blume added that the company is already in talks with Dirk Hilgenberg and his team about possible new roles within the Volkswagen Group.
According to Bosch’s LinkedIn profile, he joined Scout Motors in September last year. Scout Motors is a separate, independent company established in the United States to realize the plans of the Volkswagen Group to design, develop and manufacture all-electric pick-up trucks and rugged SUVs for American customers.
Prior to this, Bosch was a Member of the Board for Manufacturing at Bentley Motors for nearly six years since 2017. He shared responsibility for the successful restructuring and reorganization of the luxury carmaker. Bosch also worked as a senior director at Oliver Wyman for 10 years from March 2001 and later joined Volkswagen AG in 2011 for nearly seven years, before joining Bentley in 2017.
“Last year, we drew up a ten-point plan for operational and strategic areas of action within the Volkswagen Group. One key element is the realignment of CARIAD, and we have already made good progress. We are now setting the next milestones for advancing strategic, structural and personnel development,” Blume said.
“CARIAD focuses on the development of digital future technologies for the Group brands. We are stepping up the pace and broadening our approach to partnerships. This is designed to combine our competences with the best solutions on the market for the benefit of our customers.”
Talking about CARIAD, it is an automotive software and technology company and a 100% subsidiary of Volkswagen Group. According to CARIAD’s website, the company holds stakes in 15 automotive technology companies, such as diconium, VAIVA or Volkswagen Infotainment that are focusing on different digitization aspects of cars. The company aims to transform Volkswagen Group to become a truly digital and software-enabled mobility provider.