The Supervisory Board of Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for defense and civilian applications, has expanded its Management Board to two members with the appointment of Bjorn Krausmann as Chief Financial Officer (CFO), effective June 1, 2026. Krausmann will serve a three-year term alongside CEO Julian Cassutti, tasked with driving the company's growth strategy.
The expansion reflects Steyr Motors' increasing internationalization and organizational development. Krausmann brings extensive experience from senior financial roles, including corporate development, transformation, and M&A, most recently at the Pfleiderer Group. He will oversee finance, human resources, and IT.
Dr. Rolf Wirtz, Chairman of the Supervisory Board, stated: "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."
This strategic move comes as Steyr Motors continues to strengthen its market position. The company, headquartered in Steyr, Austria, specializes in high-performance customized special engines with high power density and durability, used primarily in military special vehicles, boats, and auxiliary power units for main battle tanks and locomotives. For more information, visit www.steyr-motors.com. The original press release is available at www.newmediawire.com.
