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Stefan Pierer departs from his role as KTM's CEO

Gold & Goose

KTM's CEO, Stefan Pierer, will step down from his role in the Austrian manufacturer.

The Pierer Mobility Group has announced that Stefan Pierer will depart from the CEO position.

Pierer will leave his role as CEO of KTM AG and will become Co-CEO in both instances to Gottfried Neumeister.

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"Stefan Pierer will hand over the role of CEO of Pierer Mobility AG and KTM AG to Gottfried Neumeister," a statement from Pierer Mobility Group says, adding that Mr. Pierer "will continue to support as Co-CEO during the restructuring process."

"For me, KTM was always more than just a company - it was and is a passion, a mission and a family," Pierer stated in the announcement of his departure.

"The decision to hand over the helm was not an easy one. I am deeply convinced that Gottfried Neumeister, with his strategic foresight and commitment, is the right choice to lead KTM into the future."

Gottfried Neumeister added: "Stefan Pierer has created a unique company that reflects the passion and pioneering spirit of all employees. I see it as my task to preserve this legacy and at the same time to break new ground.

"KTM stands for courage, innovation and passion - values that we will continue to live by and carry into the future. Together with our team, we will continue to strengthen KTM and set new standards to build the best motorcycles in the world."

This announcement comes in the middle of KTM's financial difficulties which has seen them enter into administration. There have been internal measures from KTM which have aimed to cut the Austrian manufacturer's costs.

One way that KTM has tried to cut costs in through decreasing the size of their workforce in 2025. In the statement regarding Pierer, it also adds that there have been 1,800 job cuts throughout the company.

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