Steyr Motors AG, a leading company in customized engines for defense and civil applications, has announced proposals for new appointments to its Supervisory Board. The company will present Rolf Wirtz and Gerhard Schwartz for election at the Annual General Meeting scheduled for 10 April 2026. This move follows the sale of the entire stake by former major shareholder Mutares SE & Co. KGaA in November 2025, which resulted in the departure of its representatives from the board.
The proposed candidates bring specialized expertise critical to Steyr Motors' strategic direction. Rolf Wirtz, a top manager with extensive experience in the defense sector, most recently served as CEO of TKMS until 2022. His deep industry knowledge and international management background position him to support the Management Board in expanding both military and civil business segments. He is designated to serve as Chairman of the Supervisory Board.
Gerhard Schwartz is recognized as a financial expert within the Austrian capital market, with a long career as an auditor and tax advisor, including a role as managing partner at EY. As the intended head of the audit committee, he will assist in strengthening the company's financial and control functions to support future growth initiatives. The company also proposes the re-election of Alexander Fitzka, an Investment Manager from the B&C Group, who has served on the board since August 2025.
Julian Cassutti, CEO of Steyr Motors, expressed confidence in the proposed board composition, noting the continued support of a highly qualified and experienced Supervisory Board for the company's growth trajectory. He acknowledged the contributions of the outgoing members, Dr. Christian Klingler and Fabian Schlegel, whose terms conclude at the close of the Annual General Meeting. Relevant documents for the meeting are available on the company's website in the Investor Relations section at https://ir.steyr-motors.com.
This board restructuring holds significance for stakeholders and the broader industry, as it reflects a strategic realignment following a change in ownership. The inclusion of experts with defense and financial backgrounds may enhance governance and oversight, potentially strengthening Steyr Motors' position in competitive markets for specialized engines. The company's focus on high-performance engines for military vehicles, boats, and auxiliary power units underscores the importance of robust leadership in navigating complex regulatory and operational environments. The outcome of the Annual General Meeting could influence the company's ability to capitalize on growth opportunities in both defense and civilian sectors.
