Uwe Raschke has been appointed as the new chief executive of German appliance giant BSH.
He takes over the role from Dr Karsten Ottenberg, who has left the business “for personal reasons.”
Following his appointment as CEO, Mr Raschke has resigned from his post as chairman of the supervisory board.
He will remain a member of the board of management for BSH’s parent company – Robert Bosch GmbH – where he will be responsible for the consumer goods business, including power tools, in addition to BSH.
The manufacturer has also announced the retirement of chief financial officer Johannes Närger.
Matthias Ginthum, the chief markets officer at BSH, will be temporarily responsible for this role while a successor is sought.
Said Prof Stefan Asenkerschbaumer, deputy chairman of the board of management of Robert Bosch GmbH and new chairman of the supervisory board of BSH: “We would like to thank Karsten Ottenberg and Johannes Närger for their many years of dedication and valuable work in the service of BSH.
“Karsten Ottenberg made a significant contribution to BSH’s strategy of digitalisation and greater regional responsibility. And, for more than 10 years, Johannes Närger did great work as the CFO of BSH. We wish him the very best for his retirement and the future. In the shape of Uwe Raschke, BSH will be led by a Bosch executive with international experience and proven expertise in the consumer goods field. He will be an important source of inspiration for taking the company forward.”
Commenting on his departure, Dr Ottenberg, who had been the CEO of BSH since 2013, said: “Over the past six years, we have successfully turned BSH into a consumer-centered company whose smart combinations of innovative hardware, software, and services improve people’s quality of life worldwide. I am leaving the company for personal reasons and with the peace of mind that BSH is excellently positioned to go from strength to strength in the future.”