The Supervisory Board of Steyr Motors AG, a global leader in customized engines for mission-critical defense and civil applications, has decided to expand the Management Board to two members as planned. Effective June 1, 2026, Bjorn Krausmann will be appointed Chief Financial Officer (CFO) for a term of three years. Together with CEO Julian Cassutti, Krausmann will drive the company’s growth strategy as part of a two-member Management Board.
The planned expansion of the Management Board to include a CFO represents a significant step in the planned further development of the organization and takes into account the increasing internationalization of the business. Krausmann brings many years of experience in senior financial roles as well as extensive expertise in corporate development, transformation, and M&A. Most recently, he held a leadership position at the Pfleiderer Group. In his new role, he will be responsible for finance, human resources, and IT.
Dr. Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG, commented: “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 appointment signals Steyr Motors’ commitment to strengthening its financial leadership as it pursues international expansion and growth in defense and civil engine markets. The company’s engines are primarily used for military special vehicles, boats (both military and civilian), and as auxiliary power units for main battle tanks and locomotives. With Krausmann’s capital markets and M&A experience, the company is better positioned to explore strategic opportunities and secure financing for its next development phase.
For further information, visit www.steyr-motors.com or view the original release on www.newmediawire.com.
