BSH appoints Gerhard Dambach as new chief financial officer

German appliance giant BSH Hausgeräte has named Gerhard Dambach as its new chief financial officer.

The 56-year-old will assume his new role as of September 1 and takes over from Johannes Närger, who retired at the end of June.

Dambach will also be BSH’s labour relations director and will be the board member responsible for finance and the North America region, which includes Canada.

Prior to this, Dambach was chief executive of BSH’s subsidiary in Italy. He joined BSH in 1993 and has worked in various roles, including finance and ‘controlling’.

Commenting on Dambach’s appointment, BSH chairman Dr Stefan Asenkerschbaumer said: “Gerhard Dambach has many years of international experience within the Bosch Group and great expertise in finance and human resources. We are therefore very pleased to appoint him to the board of management of BSH.”

Chief executive Uwe Raschke added: “Gerhard Dambach is a successful manager and seasoned businessman with many years of international experience and great expertise in commercial business management. I am very much looking forward to working with him on the board of management.”

Dambach, who has a PhD in industrial engineering, said of his new role: “Being appointed to the board of management of BSH is both a challenge and a motivation for me. I am very much looking forward to the exciting task of helping to guide the destiny of this extraordinary company in a market that is undergoing radical changes.”

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