Steffen Hoffmann appointed president of Bosch Group Russia

Moscow – Dr.Steffen Hoffmann has stepped into the role of President ofthe Bosch Group in Russia, Ukraine, Belarus, Central Asia, Mongolia and the Caucasus as of 19th of January 2021. He is succeedingHansjürgen Overstolz, who has been in charge of the region since February 2016.

Hoffmann has a profound career record at Bosch, starting from a managementtrainee role straight out of university in 1992. He studied Business Administration and Management, first gaining a Bachelor’s Degree at the University of Erlangen-Nuremberg, Germany, followed by a Master’s Degree and then a Doctor of Philosophy (Ph.D.), both at the University of St Gallen, Switzerland.From 1993 Hoffmann took up management positionsin various divisions and countries, including Germany, Japan, South Africa and the United Kingdom.In 2015 he was appointed President of Bosch UK, and during his six year spell the company revenue has increased by one billion pounds. Hoffmann created a team focusing on ‘Internet of Things’ (IoT) solutions that generated significant business in an area that is highly relevant for Bosch’s future.

With his almost 29 years of experience at Bosch, Hoffmann will address various aspects of the company’s business in the region. “I believe the region has considerable long term growth potential. We shall continue our efforts in Russia and surrounding countries in terms of technological leadership, sales growth and manufacturing localization” – says Steffen Hoffmann.

Hansjürgen Overstolzhas retired after 25 years with Bosch. As a result of his management in Russia, Ukraine, Belarus, Central Asia, Mongolia and the Caucasus the company continued to show stable growth in the region despite macroeconomic difficulties. The company pursued to localize manufacturing in Russia and has strengthened its cooperation with Russian R&D centers and educational partners for the IoT.

The first Bosch products appeared on the Russian market in 1904. Today the company provides a wide range of quality products and services in the areas of automotive equipment and spare parts, power tools, heating technology, security systems, industrial packaging equipment and integrated system solutions for the automation of manufacturing processes. There are seven Bosch plants in Russia: two plantsof BSH Household appliances for the production of washing machines and refrigerators in Leningrad Region, plants for power tools, auto parts, heating equipment, and radiators in Engels, Saratov Region, and an automotive technology plant in the Samara Region. In the fiscal year 2019, Bosch achieved a revenue of 1.2 billion euros in Russia. Bosch employs 3,475 associates in the country (as of 31 December 2019). The headquarters of Bosch in the CIS countries, Ukraine and Georgia is located in the town of Khimki, Moscow Region.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,000 associates worldwide (as of December 31, 2019). The company generated sales of 77.7 billion euros in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”

The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. Bosch employs some 72,600 associates in research and development at 126 locations across the globe, as well as roughly 30,000 software engineers.

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