Steyr Motors AG is proposing the appointment of two experienced industry and capital market experts to its Supervisory Board at the upcoming Annual General Meeting on 10 April 2026. The company is nominating Rolf Wirtz and Gerhard Schwartz as new members following the departure of representatives from former major shareholder Mutares SE & Co. KGaA, which sold its entire stake in November 2025.
The proposed changes come as previous Supervisory Board members Dr. Christian Klingler and Fabian Schlegel, who represented Mutares, are no longer available for re-election. Their terms will conclude at the close of the Annual General Meeting, necessitating new appointments to guide the company's strategic direction.
Rolf Wirtz brings extensive defense sector experience, having served most recently as CEO of TKMS until 2022. His in-depth expertise in the defense industry is considered essential for Steyr Motors, which specializes in customized engines for mission-critical defense and civil applications. As the designated Chairman of the Supervisory Board, Wirtz will support the Management Board in expanding business in both military and civil sectors, leveraging his management experience in international industrial contexts.
Gerhard Schwartz is recognized on the Austrian capital market as a financial expert with a long career as an auditor and tax advisor, most recently as managing partner at EY. As the designated head of the audit committee, he will support Steyr Motors in expanding key financial and control functions to position the organization for further growth. His capital market expertise is expected to strengthen the company's financial governance as it pursues expansion opportunities.
In addition to the new appointments, the company proposes the re-election of Alexander Fitzka, Investment Manager of the B&C Group, who has been a member of the Supervisory Board since August 2025. This continuity ensures institutional knowledge is maintained while bringing fresh perspectives to the board's composition.
Julian Cassutti, CEO of Steyr Motors, expressed confidence in the proposed board composition, stating that the new members would provide optimal support and supervision as the company takes its next steps toward growth. The company's leadership transition comes at a critical time for the defense and specialized engine sectors, where technological innovation and financial stability are increasingly important for competitive positioning.
The Annual General Meeting will take place on 10 April 2026 at 10 a.m. in Steyr, with relevant documents available on the company's Investor Relations section at https://ir.steyr-motors.com. Steyr Motors AG, headquartered in Steyr, Austria, is a global leader in developing and producing high-performance customized special engines with high power density and durability for military vehicles, boats, and auxiliary power units.
For business and technology leaders, this board restructuring signals Steyr Motors' strategic focus on strengthening governance with specialized expertise as it navigates complex defense markets and capital requirements. The appointments reflect broader trends in defense technology companies seeking board members with both sector-specific knowledge and financial acumen to support growth initiatives and risk management in evolving global markets.
