FARMINGTON HILLS – There’s a change in the CEO position at Bosch in North America as Bosch announces a major leadership transition. Mike Mansuetti, the current president of Bosch in North America, is to retire. Consequently, Paul Thomas will be appointed as the new president.

1. When Will Mike Mansuetti, CEO At Bosch North America, Retire?

Bosch has announced that Mike Mansuetti will be retiring on October 1, 2024. Mansuetti will first transition to an advisory role on September 1, 2024, before officially stepping down. Effective September 1, 2024, Paul Thomas will assume the role of president of Bosch in North America, in addition to his existing position as president for Bosch Mobility in the Americas. This change in CEO step will ensure a seamless transition of leadership and continued strategic direction for Bosch’s operations in the North American market.

2. Paul Thomas: A Successor CEO At Bosch North America

Stefan Hartung, chairman of the board of Robert Bosch GmbH, states:

“In his 12 years at the helm of the North American region, Mike Mansuetti established a dynamic culture that focused on high performance and cooperation across all business areas,” he said.

“We are confident that Paul Thomas will continue to build on this foundation as Bosch seeks to further accelerate profitable, sustainable growth in North America,” he continued.

3. Outgoing CEO At Bosch North America Mike Mansuetti Leaves Strong Legacy:

During his 12-year tenure as president of Bosch’s North American operations, Mike Mansuetti oversaw a remarkable 55% increase in third-party sales for the region. Under Mansuetti’s leadership, Bosch’s North American revenue grew from $10.6 billion in 2012 to $16.5 billion by 2023. Mansuetti attributed this substantial growth to his focus on four key strategic priorities:

In addition to driving Bosch’s business performance in North America, Mansuetti also represented the company in numerous industry associations.

He served on the Board of Directors for organizations such as:

4. New CEO Paul Thomas Key Responsibilities at Bosch Mobility Americas:

Bosch has tapped veteran mobility industry executive Thomas to spearhead the company’s operations across the Americas region. In his current role, Thomas oversees all technology, strategy, and sales activities for Bosch Mobility’s $12.4 billion business in the Americas.

With more than 25 years of experience in the mobility sector, Thomas brings a wealth of cross-functional expertise to this leadership position. Prior to his current role, he held senior executive roles in sales, production control, logistics, manufacturing, and business unit management. This diverse background has equipped Thomas with the skills and strategic vision needed to drive continued growth and innovation for Bosch Mobility in the Americas.

Under his stewardship, the $12.4 billion Americas division will look to further strengthen its technology capabilities, enhance customer relationships, and optimize operational efficiencies across the region.

5. Executive Committee to Support New Bosch North America President:

An Executive Committee will support Thomas in his role as president of Bosch in North America. The committee members will serve in an advisory capacity and further enable regional growth, operations, advocacy, cross-domain coordination, talent sustainability, and functional excellence:

6. Bosch North America Strong Sales Growth and Continued Investment

Bosch’s North American operations delivered a strong financial performance in 2023, with the company registering profitable growth across the region. According to the latest financial results:

  • Sales to third parties in North America increased 6% year-over-year, reaching $16.5 billion (15.2 billion euros)
  • Total net sales from the North American region grew 8% to $17.9 billion

These solid top-line gains underscore Bosch’s continued momentum and strategic focus in the critical North American market. To further capitalize on emerging opportunities, the company has significantly ramped up its regional investment efforts. Since the beginning of 2022, Bosch has announced more than $3 billion worth of investments across its diverse product portfolio in North America.

For more information visit www.bosch.us, www.bosch.mx and www.bosch.ca.

Final Thoughts

Change In CEO At Bosch North America seems like a positive step for Bosch North America. Paul Thomas’ background in mobility seems like a good fit for leading Bosch North America forward. It’s encouraging to see Bosch prioritizing North America with continued investment and a focus on sustainable growth.

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FAQs:

1. How has Bosch performed financially in North America before Change in CEO?

Bosch in North America has seen strong performance, with third-party sales increasing 6% year-over-year to $16.5 billion in 2023.

2. Is Bosch investing in North America?

Yes, Bosch has committed over $3 billion in recent investments across its North American portfolio, demonstrating a commitment to the region.

3. What are some of Paul Thomas’ achievements in his current role?

Specific details about Thomas’ achievements in his current role may not be readily available in this press release. However, his extensive experience in the mobility sector suggests strong leadership capabilities.