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Bosch taps Tillmann Olsen as CFO; Karin Gilges resign
Olsen takes charge from June as Karin Gilges exits for overseas Bosch role
GERMANY: Bosch Limited’s Karin Gilges has resigned as chief financial officer and alternate director, effective at the close of business on 31 May 2026. Her exit is linked to a new global assignment within the Bosch Group outside India, the company clarified.
Tillmann Olsen will step into the role of CFO and key managerial personnel from 1 June 2026, subject to regulatory approvals.
Gilges, who took charge in May 2022, was credited by the board for her contribution to governance and growth during her tenure. She has committed to ensuring a smooth transition before taking up her international role.
Olsen brings more than two decades of experience within the Bosch ecosystem. He is currently executive vice-president at Bosch Rexroth AG in Germany, where he leads a business unit with over 1,500 employees and annual sales exceeding €400 million.
Earlier, he served as regional president for Bosch Rexroth Africa and chief executive of the South Africa group, overseeing operations across 15 companies and delivering a compound annual growth rate of more than 8 per cent. His previous stints include turnaround roles in France and the creation of a sourcing organisation in China spanning Hong Kong, Shanghai and Beijing.
With a track record in mergers, acquisitions and restructuring, including a global inventory reduction programme that unlocked over €500 million in free cash, Olsen is expected to bring a steady hand to Bosch’s finance function as it navigates its next phase.
