Volkswagen names Peter Bosch as new CARIAD CEO, replacing Dirk Hilgenberg

On June 1, Peter Bosch, previously responsible for manufacturing at Bentley Motors, will take over as the chief executive of Volkswagen Group’s software unit CARIAD, replacing Dirk Hilgenberg.

Bosch will also be responsible for finance, purchasing, and IT. Peter Bosch previously worked as a consultant for Oliver Wyman and then joined the VW brand, where he spent almost seven years. Later in 2017, he switched to Bentley.

“Peter Bosch is the right CEO at the right time,” Oliver Blume, CEO of the Volkswagen Group, said. “He is a strategist, an enabler, and a team player. He successfully proved that at Bentley. He knows the Volkswagen Group well and also has extensive experience in the fields of change and consulting.”

As a Member of the Board for Manufacturing at Bentley Motors since 2017, Peter Bosch shared responsibility for the successful restructuring and reorganization of the company. Two further software experts will join the board alongside Peter Bosch, the statement said, without providing names. Rainer Zugehoer will remain as chief people officer in charge of human resources.

The changes come as Volkswagen undergoes a strategic review of Cariad, Chief Executive Oliver Blume said in the statement involves “stepping up the pace and broadening our approach to partnerships.”

Oliver Blume was recently ranked No. 13 in a list of the world’s best CEOs for 2023; meanwhile, Volkswagen Group ranked No. 17X in the CEOWORLD magazine’s ranking of the most influential companies in the world.

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