Steyr Motors AG Expands Management Board with Appointment of Bjorn Krausmann as CFO
Steyr Motors AG appoints Bjorn Krausmann as CFO to drive growth strategy and internationalization, underscoring its focus on expanding in defense and civil engine markets.
Steyr Motors AG (ISIN AT0000A3FW25), a global leader in customized engines for mission-critical defense and civil applications, announced today that its Supervisory Board has appointed Bjorn Krausmann as Chief Financial Officer (CFO), effective June 1, 2026. The appointment expands the Management Board to two members, with Krausmann joining CEO Julian Cassutti to drive the company's growth strategy.
The planned expansion reflects Steyr Motors' increasing internationalization and its commitment to strengthening organizational capabilities. Krausmann brings extensive experience in senior financial roles, corporate development, transformation, and M&A, most recently holding a leadership position at the Pfleiderer Group. In his new role, he will oversee finance, human resources, and IT.
Dr. Rolf Wirtz, Chairman of the Supervisory Board, welcomed the appointment, stating, “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.”
Steyr Motors, headquartered in Steyr, Austria, specializes in high-performance customized special engines with high power density and durability, used in military special vehicles, boats, and auxiliary power units for main battle tanks and locomotives. The company's focus on defense and civil applications positions it in growing markets, particularly as global defense spending increases. The appointment of Krausmann signals a strategic push to accelerate growth and enhance financial management amid expanding international operations.
For more information, visit Steyr Motors AG or view the original release on NewMediaWire.