Indian auto parts maker Bosch Ltd. said May 22 that the company's board appointed S.C. Srinivasan CFO, effective July 1.
Srinivasan, who also will become a company director, will replace Soumitra Bhattacharya in the CFO role. Bhattacharya will step down June 30, alongside joint CFO S. Karthik.
Bhattacharya will remain as the company's managing director, according to the release.
Meanwhile, Bosch named S. V. Ranganath to be an independent director for three years and Jan-Oliver Röhrl executive director, subject to the approval of shareholders.
All appointments will take effect July 1.
