Robert Bosch Corporation: Liedtke Retires, Marks to Become Chairman, President and CEO

FARMINGTON HILLS, Mich., Nov. 15, 2005 -- Bosch today announced Kurt Liedtke (62), chairman, president and CEO of Robert Bosch Corporation since January 2001, will retire effective December 31, 2005.

Peter Marks (52), member of the Board of Management of the Bosch Group headquartered in Stuttgart, Germany, will succeed Liedtke as chairman, president and CEO of Robert Bosch Corporation, effective January 1, 2006.

As part of his responsibilities as a member of the Bosch Group Board of Management, Marks will retain his current responsibility for worldwide manufacturing coordination and investment planning, and assume responsibility for the North and South America region, worldwide activities of the Security Systems Division and environmental protection within the Bosch Group.

A member of the Board of Management since 2002, Marks joined the company in 1977, working in the production engineering department in the Reutlingen, Germany plant. In 1992, Marks was appointed plant manager of the company's Anderson, S.C., facility, and became plant manager of the Bosch Charleston, S.C., facility in 1995. Prior to being named to the Board of Management, Marks served as president and executive vice president of technology, Body Electronics Division.

The Bosch Group is a leading global manufacturer of automotive and industrial technology, consumer goods, and building technology. In fiscal year 2004, approximately 242,000 associates generated sales of 40 billion euros, approximately 50 billion USD. Set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision Mechanics and Electrical Engineering," the Bosch Group today comprises a manufacturing, sales, and after-sales service network of approximately 260 subsidiaries and more than 10,000 service centers in over 130 countries.

In North America, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial automation and mobile products, power tools and accessories, security technology, thermo-technology, packaging equipment and household appliances. Bosch employs nearly 23,000 associates in more than 80 primary and 20 associated facilities throughout the region with reported sales of $7.8 billion in 2004. For more information, visit http://www.bosch.us/ .