Steyr Motors AG, 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. Krausmann will join CEO Julian Cassutti on the two-member Management Board, a move that the company says is a significant step in its organizational development and reflects its growing international business.
Krausmann brings extensive experience in senior financial roles, corporate development, transformation, and mergers and acquisitions. He most recently held a leadership position at the Pfleiderer Group. In his new role at Steyr Motors, Krausmann 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 AG is headquartered in Steyr, Austria, and specializes in high-performance customized special engines with high power density and durability. Its engines are primarily used in military special vehicles, boats (both military and civilian), and as auxiliary power units for main battle tanks and locomotives. The appointment of a CFO signals the company’s intent to strengthen its financial leadership as it pursues growth in defense and civil markets.
For industry leaders, this move underscores the importance of robust financial management in scaling specialized technology businesses. The expanded management board at Steyr Motors indicates a strategic focus on capital markets and M&A, which could lead to increased investment in R&D or potential acquisitions. Shareholders may view this as a positive step toward enhancing long-term value. The company’s emphasis on internationalization also suggests it is positioning itself to capture a larger share of the global defense engine market, where demand for reliable, high-performance engines remains strong.
More information about Steyr Motors AG can be found at www.steyr-motors.com. The original press release is available on NewMediaWire.
