KTM’s parent company, Pierer Mobility AG have confirmed that Stefan Pierer will be stepping back from his role as CEO of the Austrian brand, having been in charge since 1992.
This resolution occurs when KTM continues to sail for monetary difficulties through lack of sales after the signature of money and an excess of inventory production.
The company concluded a 90 -day “Self -Administration” procedure on November 29, a measure that affected 3623 workers (at that time), with general liabilities estimated at around € 2. 9 billion and around 2500 creditors, in 3 insoluncies separate.
KTM’s leadership will now be passed on to Gottfried Neumeister, who holds a position of KTM AG and Pierrer Mobility AG on September 1, 2024. At a similar time, the Corporation’s Executive Council was reduced from six to two. Pierre himself will continue to oversee the company’s restructuring as a member of the Board of Directors.
“For me, KTM was more than an undeniable business: it was and is a passion, a project and a family,” Stefan Pierrer said in a press release. “The resolution to set the bar was not easy. I am deeply convinced that Gottfried Neumeister, with his foresight and strategic commitment, is the right choice to lead KTM in the future. »»
Since 1992, KTM has grown from 160 workers and a production volume of 6000 motorcycles to more than 5000 workers and the ability to produce 1000 motorcycles consisting of the day. Pierrer Mobility on January 23, confirming that several rules have been received.
“Stefan Pierer has created a unique company that reflects the passion and pioneering spirit of all employees,” Gottfried Neumeister added. “I see it as my task to preserve this legacy and at the same time to break new ground.
“KTM means courage, innovation and hobby: values that we will continue to live and bring to the future. Have in our team, we will continue with KTM and we will establish new criteria to build the most productive motorcycles in the world. “
At the moment when the KTM creditor listens to his 90 -day “self -administering plan, he takes a position (January 24, 2025). Despite uncertainty, the new models continue to be published, with an SMC R 390 and 125 and Enduro R has already introduced only in January.