The Supervisory Board of Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, has decided to expand its Management Board to two members. Effective June 1, 2026, Bjorn Krausmann will be appointed Chief Financial Officer for a term of three years, joining CEO Julian Cassutti to drive the company's growth strategy.
The planned expansion of the Management Board to include a CFO represents a significant step in the company's organizational development and addresses the increasing internationalization of its business. Krausmann brings extensive experience in senior financial roles, corporate development, transformation, and mergers and acquisitions. Most recently, he held a leadership position at the Pfleiderer Group. In his new role, Krausmann will oversee finance, human resources, and IT.
Dr. Rolf Wirtz, Chairman of the Supervisory Board, welcomed the appointment: "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."
The appointment underscores Steyr Motors' commitment to strengthening its financial leadership as it pursues growth in defense and civilian markets. The company's engines are used in military special vehicles, boats, and as auxiliary power units for main battle tanks and locomotives. For more information, visit www.steyr-motors.com and www.crossalliance.de. The original release is available on www.newmediawire.com.
