Steyr Motors AG: Björn Krausmann takes the second executive board seat as CFO

The executive board of Steyr Motors AG is growing to two members: the supervisory board recently approved this expansion as planned. Björn Krausmann takes over the finance portfolio as Chief Financial Officer (CFO) for three years, effective 1 June. Alongside CEO Julian Cassutti, he is to drive the company’s growth course forward on what is now a two-member executive board.

According to the company, the planned addition of a CFO to the executive board “represents a significant step in the planned further development of the organisation and at the same time reflects the increasing internationalisation of the business”. Krausmann has held senior finance positions for many years and brings broad expertise in corporate development, transformation and M&A (mergers & acquisitions). Before joining, he held a management position at the Pfleiderer Group.

Steyr Motors supervisory board and CEO on the appointment

In his new role, Krausmann will be responsible primarily for finance, human resources and IT. The appointment was explicitly welcomed by Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG:

“We are delighted to have gained an accomplished CFO in Björn Krausmann, who will apply his extensive experience specifically to the further build-up and expansion of Steyr Motors AG. With the long-planned and duly implemented expansion of the executive board, we are at the same time creating important conditions for successfully shaping the next phase of our company’s development.”— Rolf Wirtz, Chairman of the Supervisory Board of Steyr Motors AG

CEO Julian Cassutti also commented:

“In Björn Krausmann we are gaining a proven financial expert with extensive experience in capital markets, M&A and international growth financing. I am very much looking forward to this reinforcement of the executive board. His expertise will play an important role in supporting the next growth phase of Steyr Motors strategically and financially”— Julian Cassutti, CEO

“Together we want to further expand our position in attractive future markets and increase sustainable value for our shareholders.”— Julian Cassutti, CEO