Bosch Portugal boss fired over EU funding mismanagement appointed executive president of CTS Portugal

Carlos Ribas, the former CEO of Bosch Portugal, has been appointed the executive president of CTS Portugal, a company that specialises in the design and construction of data centres in the Scandinavian countries.

The new role, which he assumed on March 1, comes just months after he was fired from Bosch Portugal over the alleged mismanagement of EU funding for sensory technology for a driverless vehicles project.

The Norwegian group CTS has established a base in Lisbon for its international expansion and currently has a team of 50 employees which it plans to double.

The company has invested in Portugal’s industrial sector through Velox Electro in Leiria in partnership with Mecwide in Barcelos and through the acquisition of BIMMS in Porto, employing over 500 in total.

In February, CTS announced an investment of €50 million with Eaton to produce electrical distribution units for data centres in Viana do Castelo.

The sacking of Carlos Ribas along with other senior management figures at Bosch Portugal was to do with alleged irregularities in obtaining European funding for the THEIA project for the development of driverless vehicles, an accusation that Ribas denies and is fighting Bosch in the courts.