Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, announced today the expansion of its Management Board to two members with the appointment of Bjorn Krausmann as Chief Financial Officer (CFO), effective June 1, 2026. The Supervisory Board's decision, made on May 19, 2026, aims to support the company's growth strategy and increasing internationalization.
Bjorn Krausmann, who will serve a three-year term, 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, Krausmann will oversee finance, human resources, and IT, working alongside CEO Julian Cassutti to drive the company's next development phase.
Dr. Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG, expressed enthusiasm about 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."
Headquartered in Steyr, Austria, Steyr Motors AG is a global leader in the development and production of high-performance customized special engines with high power density and durability. The company's engines are primarily used for military special vehicles, boats (both military and civilian), and as auxiliary power units (APU) for main battle tanks and locomotives. The appointment underscores Steyr Motors' commitment to strengthening its financial leadership as it navigates an increasingly international business landscape.
For further information, please visit www.steyr-motors.com or view the original release on www.newmediawire.com.
