Steyr Motors AG (ISIN AT0000A3FW25) announced today that its Supervisory Board has expanded the Management Board to two members, appointing Bjorn Krausmann as Chief Financial Officer (CFO) effective 1 June 2026. Krausmann will serve a three-year term, joining CEO Julian Cassutti to lead the company's growth strategy. This move marks a significant step in the organizational development of the company, which specializes in customized engines for mission-critical defense and civil applications.
Bjorn Krausmann brings extensive experience in senior financial roles, corporate development, transformation, and M&A. Most recently, he held a leadership position at the Pfleiderer Group. In his new role at Steyr Motors, Krausmann will oversee finance, human resources, and IT. The expansion of the management board reflects the company's increasing internationalization and its ambitions to strengthen its position in global markets.
Dr. Rolf Wirtz, Chairman of the Supervisory Board, welcomed the appointment, stating, "We are pleased to have gained an experienced CFO in Bjorn Krausmann, who will contribute his extensive experience specifically to the further development and expansion of Steyr Motors AG. With the expansion of the Management Board – which has been planned for some time and systematically implemented – we are also laying the groundwork for successfully shaping the next development phase of our Company."
CEO Julian Cassutti added, "With Bjorn Krausmann, we are gaining a proven financial expert with extensive experience in the capital markets, M&A, and international growth financing. I am very much looking forward to the addition to the Management Board. His expertise will play a key role in strategically and financially supporting Steyr Motors’ next phase of growth. Together, we aim to further expand our position in attractive future markets and increase sustainable value for our shareholders."
Steyr Motors AG, headquartered in Steyr, Austria, is a global leader in high-performance customized special engines known for high power density and durability. Its engines are primarily used in military special vehicles, boats (both military and civilian), and as auxiliary power units (APUs) for main battle tanks and locomotives. The company's strategic expansion of its management team signals a focused effort to capitalize on growth opportunities in defense and civil sectors.
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