Steyr Motors AG is planning to appoint new members to its Supervisory Board and is proposing Rolf Wirtz and Gerhard Schwartz, two experienced industry and capital market experts, as new members at the Annual General Meeting on 10 April 2026. This follows the sale of the entire stake by former major shareholder Mutares SE & Co. KGaA in November 2025, which made the previous Supervisory Board members and representatives of Mutares, Dr. Christian Klingler and Fabian Schlegel, no longer available for re-election. Their term of office will end at the close of the Annual General Meeting.
The company's proposal, detailed in the invitation to the Annual General Meeting published today, aims to fill these vacancies with individuals possessing extensive industry and capital market expertise critical for the company's strategic direction. Rolf Wirtz is a top manager with many years of experience in the defense sector, most recently serving as CEO of TKMS until 2022. His in-depth expertise in the defense industry is essential for Steyr Motors, which specializes in customized engines for mission-critical defense and civil applications. As the designated Chairman of the Supervisory Board, Wirtz will support the Management Board in the further expansion of the business in both military and civil sectors, leveraging his extensive management experience in an international industrial context.
Gerhard Schwartz is well known on the Austrian capital market as a financial expert with a long career as an auditor and tax advisor, most recently as managing partner at EY. As the designated head of the audit committee, he will support Steyr Motors in the further expansion of key financial and control functions to successfully position the organization for further growth. This appointment underscores the company's focus on strengthening its financial governance as it pursues expansion. In addition to these new appointments, the company proposes the re-election of Alexander Fitzka, Investment Manager of the B&C Group, who has been a member of the Supervisory Board since August 2025, ensuring continuity in oversight.
Julian Cassutti, CEO of Steyr Motors, expressed confidence in the newly proposed Supervisory Board members, stating that they will provide the company with the best possible support and supervision as it takes its next steps towards growth. He also thanked the outgoing Supervisory Board members for their open and trusting cooperation for the benefit of the company. The Annual General Meeting of Steyr Motors AG will take place on 10 April 2026 at 10 a.m. in Steyr, with relevant documents available from today on the Steyr Motors AG website in the Investor Relations section at https://ir.steyr-motors.com. This move is significant as it stabilizes the company's leadership following a major ownership change, aligning expertise with its core markets in defense and specialized engines, which are crucial for its competitive positioning and future scalability in high-stakes industries.
