Business/economy

“Outstanding contribution to innovation” Dr. Christof Bosch receives Diesel Medal in recognition of the Bosch Group's exceptional technological leadership

  • Special ownership structure proves its worth
  • Consistently high levels of investment in research and development
  • Innovations that bring real benefit and increase quality of life
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  • November 29, 2013
  • Business/economy
  • Press releases

press release

Stuttgart/Munich – Dr. Christof Bosch has been awarded the 2013 Diesel Medal for “Outstanding contribution to innovation” on behalf of the Bosch Group. This medal was awarded by Germany's Institute for Inventions (Deutsches Institut für Erfindungswesen) in recognition of the exceptional technological leadership and innovative strength apparent across so many areas of the company, as well as the sheer ingenuity demonstrated by this leading global supplier of technology and services. The award was presented in the Hall of Fame at the Deutsches Museum in Munich, Germany's premier technology museum, by the chairman of the institute, Dr. Heiner Pollert, and the chairman of the Diesel Medal board of trustees, Prof. Alexander Wurzer. Christof Bosch was joined by four of Bosch's 2013 “Inventors of the Year” in accepting the award on behalf of the over 42,000 researchers within the Bosch Group.

There is a long tradition of innovation at Bosch. The company lodged its first patent in 1897, and by 1909 there was already a department dedicated to patents, brands, and licenses. It is a history that has made itself felt in the public consciousness: “Bosch is a stalwart of the German industrial scene. For the German automotive industry, Bosch has been – and remains – a crucial technological partner that is at the very forefront of ground-breaking developments. The award of the Diesel Medal for outstanding contribution to innovation recognizes the top spot Bosch has occupied for so many years. And given my responsibility for development as a member of the management board at BMW AG, it is something that gives me particular pleasure,” said Dr. Herbert Diess in his tribute to Christof Bosch.

Bosch corporate constitution proves its worth
“Robert Bosch GmbH's special ownership structure guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments to safeguard its future,” said Christof Bosch at the Diesel Medal award ceremony. “I am delighted that our researchers' innovation has been brought to the attention of a wider audience and rewarded with this Diesel Medal.”

“In a series of guidelines, as he called them, Robert Bosch set down his tenets for successfully managing a company,” Christof Bosch continued. “Here he says that a company should in fact serve the community – that what benefits business and what benefits society are two sides of the same coin.” Today, these principles live on in the twin institutions of Robert Bosch GmbH and Robert Bosch Stiftung. The company is now continuing along the path of dynamic development that Robert Bosch set out for it, while Robert Bosch Stiftung fulfills his vision of social engagement for the common good. Including a foundation in the company structure is almost unique in Germany, and serves as a model for how to successfully continue a family business after the founder has died. It guarantees the autonomy of the company and allows it to pursue the “strong and meaningful development” its founder Robert Bosch would have wanted.

About Dr. Christof Bosch
As the Bosch family spokesperson, Christof Bosch is a long-standing member of all the company's important governing bodies, which gives him a significant say in the direction the company takes. He is a member of the board of trustees of Robert Bosch Stiftung, a partner in Robert Bosch Industrietreuhand KG, and a member of the supervisory board of Robert Bosch GmbH. These wide-ranging functions give him a broad insight into all aspects of the company, allowing him to support the long-term and sustainable corporate strategy of the Bosch Group that his grandfather, the company founder Robert Bosch, would have wanted.

“60 years of the Diesel Medal”
On the initiative of Eugen Diesel, the son of Rudolf Diesel, the Diesel Medal was launched in 1952 and awarded for the first time in 1953. It is Germany's oldest innovation prize, and is awarded by the charitable Deutsches Institut für Erfindungswesen. Now in its sixtieth year, the Diesel Medal helps to raise the public profile of inventors and innovative companies and to support their work.

Internet links:

Bosch milestones in research and development

Find out more about automated driving

Development of diesel and Bosch common rail – from crude beginnings to powerful and economical direct injection

Overview of the diesel market from China to the U.S.

Video portal:

Diesel around the globe

Diesel hybrids

The Bosch Group is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. 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 company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at www.bosch.com and www.bosch-press.com, http://twitter.com/BoschPresse.

PI8382 - November 29, 2013

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