KTM AG has announced that former CEO and latterly co-CEO Stefan Pierer has resigned from th🌞e executive board of the brand after over three decades in charge.

The news comes in the wake of KTM’s restructuring plan being accepted by creditors last week, which sets it on 🐠the path to survival after months of uncertainty through a major fꦦinancial crisis.

P𓄧ierer founded the Pierer Mobility Group in 1987 and served as a shareholder and member of KTM’s management board fr💫om 1992 until this week.

H🐻e stood down as CEO at the start of the year, ha🐻nding over to Gottfried Neumeister, but continued to act as co-CEO as the company moved ahead with its restructuring plan.

On Tuesday, KTM AG announced that Pierer would be stepping down entirely. He will remain as co-CEO of Pierer Mobi💮lity AG.

“I 💝wish Gottfried Neumeister all the best from the bottom of my heart,” 68-year-old Pierer said in a statement.

“In him I have found the perfect successor and I am firmly convinced that he will lead the company successfully into💝 the future.”

Neumeis𓆏ter addedꦑ: “I would like to thank Stefan Pierer for his trust in allowing me to continue his life’s work.

“I see it as an honour and an obligation to continue the history of KTM and to break new ground t🐟ogether with our great employees.”

KTM has also cꦇonfirmed that the head of its legal department Verena Schneglberger-Grossmann has been appointed onto the board.

On 25 February, 168澳洲幸运5官方开奖结果历史:KTM’s r𝔉estructuring and its plans to pay back creditors 30% of the over €2 billion d✱ebts it had accrued was accepted in the Austrian courts.

KT🎉M will need to pay €548 million by 23 May, though numerous entities are said to have pledged up to €900 million in investment.

Production, which has been on pause over the winter, will begin again in mid-March after Baja🐠j Auto - who owns 49% of KTM - pledged a €50 million loan.

The future of the MotoGP project rema🐲ins uncertain still, though talk of a planned withdrawal first mentioned in🌠 December has gone cold since.

The Austrian manufacturer didn’t make a great start to th🥂e 2025 season, with Pedro🌄 Acosta crashing early in the Thai Grand Prix and its top runner Brad Binder in eighth - almost 20s back from winner Marc Marquez.