Bosch Appoints New President, CEO for Robert Bosch Tool Corp. in North America

MOUNT PROSPECT, IL – The Robert Bosch Tool Corp.has announced that Terry Horan will succeed Manfred Seitz as president and CEO, effective April 1, 2011.

Seitz will retire the end of March 2011 as chairman, president, and chief executive officer of the Robert Bosch Tool Corp. after 34 years of leading several different divisions of the Bosch Group.

Terry Horan has led the worldwide Rotary Tool business of the Robert Bosch Tool Corp. for the past six years, resulting in double-digit sales increases over the past several years for the Dremel brand.

A 25-year veteran of the Home Improvement Industry in North America, Horan has a sales, marketing and general management background. He has spent 13 years with Bosch Power Tools leading both the SKIL brand during the Emerson Electric–Bosch joint venture period and, more recently, as president of the Rotary Tools business, which includes Dremel and RotoZip.

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