The board of directors of Bosch Home Comfort India Limited at its meeting held on 19 May, 2026, Appointed Mr. Marcel Heese (DIN 11705158), as Director of the Company with effect from 19th May, 2026 on the recommendation of Nomination and Remunertation Committee. He has also been appointed as Chairperson of the Company with effect from 1st July, 2026. Mr. Marcel Heese has over 20 years of global experience as Strategic CFO and commercial leader across Europe, Asia, and the Americas.

He combines strong financial expertise with impactful business partnering and a proven track record in transformation, restructuring, and value creation in complex organizations. He excels at aligning finance with strategy to deliver sustainable results. His expertise spans global P&L ownership, performance management, multicultural leadership, cross-functional strategy development, transformation, post-merger integration, and board-level communication.

Mr. Marcel Heese has been nominated for the role of CFO of APAC and he will be based at Tokyo, Japan. In his current role as Commercial Vice President, in the Accessories Business Unit of the Power Tools Division (Product Segment Abrasives) at Bosch Group (Switzerland), he leads 14 legal entities across multiple regions. He has delivered over 40 million in cost savings (>10% of sales) and achieved EBIT break-even from double-digit losses through restructuring and performance improvement.

He also sharpened the segment's strategy in response to evolving market dynamics. Previously, he held senior roles within Bosch in Malaysia, China, and Germany, driving financial performance, operational transparency, and growth. His achievements include leading Asia- Pacific EBIT consolidation, implementing integrated planning systems, and successfully executing a cross-regional post-acquisition integration that established a new business unit.