Personnel Changes in the Board of Management of Bosch Power Tools

Stuttgart/Leinfelden – Bosch Power Tools is regrouping its Board of Management, effective April 1, 2026: Michael Budde (56), currently President of the Bosch business division Mobility Electronics, will take over as President and CEO from Thomas Donato (54). At the same time, Martin Hettich (61) will join the Bosch Group as COO of Power Tools. He will succeed Lennart de Vet (49) and assume responsibility for regions, marketing, and sales from him, as well as responsibility for the business units from Thomas Donato. Dr. Katharina Hartl (49) will continue in her present role as CFO.

Thomas Donato, President and CEO of Bosch Power Tools since June 2023, will leave the Bosch Group at his own request on March 31, 2026, to pursue his professional career outside the company.

Lennart de Vet will move into a new role within the Bosch Group, which will be announced at a later date.

Peter Wolfangel (54) will succeed Michael Budde as President of the business division Mobility Electronics.

"Michael Budde is a highly experienced Bosch leader with the ability to steer large-scale, complex businesses to success, with strategic foresight and strong execution. With Martin Hettich, we gain a proven consumer goods expert with extensive international experience. Together with Dr. Katharina Hartl, the new Board of Management will significantly advance the future development of Bosch Power Tools," says Katja von Raven, Chairwoman of the Supervisory Board of Robert Bosch Power Tools GmbH and member of the Board of Management of Robert Bosch GmbH.

The market environment continues to be highly dynamic and competitive. Bosch Power Tools has responded by executing substantial restructuring and cost reduction programs over the past three years, while also investing in new products and capabilities. "Over the past three years, decisive restructuring activities and a successful pipeline of product launches have created a solid foundation for the future and thus mark an important milestone for the future development of Power Tools. We sincerely thank Thomas Donato for his contribution," says von Raven. "For nearly 25 years, Lennart de Vet has significantly contributed to the success of Power Tools across various functions, and we sincerely thank him for his contribution. We wish them both the best in their future professional endeavors. With the incoming leadership, we are aiming at driving global growth, and the new Board of Management line-up reaffirms our growth objective." The priority now is to pursue our global growth ambitions, continue implementing cost-saving measures, and thereby serve customers and users in global markets as effectively as possible.

About Michael Budde

Michael Budde has served as President of the business division Mobility Electronics of Robert Bosch GmbH since October 2022. He joined the Bosch Group in 1998. Thanks to his many years of experience in various fields and roles, including in the United States and South Korea, he brings two key strengths: deep business expertise in managing large, complex operations within the Bosch Group, and a proven track record of strategic direction and growth. Budde studied mechanical engineering and graduated from the Rheinische Fachhochschule Köln (RFH).

About Martin Hettich

Martin Hettich has more than 30 years of international experience in the consumer goods industry, particularly in strategic B2C brand positioning and differentiation. From 1994 to 2024, Hettich held a variety of leadership roles at Procter & Gamble across multiple countries. During that time, he was responsible for the successful launch and expansion of several consumer-goods brands and for increasing their profitability, most recently as Senior Vice President of Fabric Care. After leaving P&G, Hettich worked as a senior advisor, supporting consumer-goods companies in their innovation and growth journeys.