KTM Broadcasts Strategic Restructuring Plan
Austria – 26 November, 2024 – KTM CEO Stefan Pierer and Co-CEO Gottfried Neumeister in the present day addressed the corporate’s greater than 5,000 staff, unveiling a complete plan to navigate the present monetary challenges and guarantee a sturdy future for KTM.
Making KTM sturdy for the longer term
Stefan Pierer, CEO of KTM AG: “Over the previous three many years, we’ve got grown to turn into Europe’s largest motorbike producer. We encourage tens of millions of bike riders world wide with our merchandise. Now we’re taking a pit cease for the longer term. The KTM model is my life’s work, and I’ll combat for it.”
KTM, which has grown from 160 staff and a manufacturing quantity of 6,000 models in 1992 to a capability of as much as 1,000 bikes per day, is now dealing with vital hurdles. To handle these, KTM will provoke a authorized restructuring continuing with self-administration. The applying can be submitted on Friday, 29 November, with the purpose of concluding the method inside 90 days.
Since September 2024, Gottfried Neumeister has joined the Government Board as Co-CEO. Stefan Pierer: “Gottfried Neumeister has introduced spectacular expertise and a breath of contemporary air and has made a big contribution to addressing the present state of affairs. I’m satisfied that collectively we’ll get the corporate again on observe for fulfillment.”
Gottfried Neumeister, Co-CEO of KTM AG: “The keenness of our staff is our most vital aggressive benefit. Their ardour is the explanation why KTM is globally synonymous with peak efficiency. We construct our bikes reliably and robustly for each race, for each terrain. Now it’s about making the corporate sturdy. Strong for the longer term. In order that we are able to shortly focus once more on what we do finest: constructing the best bikes on the planet.”
Pierer and Neumeister emphasised the significance of the staff’ dedication and assist throughout this era. “Collectively, we’ve got made KTM a hit story, and collectively, we’ll carry KTM into the longer term,” they said.
For extra info and to look at the complete assertion by Stefan Pierer and Gottfried Neumeister, please go to the hyperlink right here: https://www.youtube.com/watch?v=1P8uT_7JGNM
KTM North America’s Take:
KTM North America’s Media Relations Supervisor Andrew Jefferson issued the next assertion from the corporate’s California headquarters:
“Relating to in the present day’s announcement pertaining to KTM AG’s monetary information, right now we don’t have any further remark to make past the press launch (under). One vital element to notice is that this can be a authorized restructuring process pertaining to KTM AG.
“(KTM) North America and all different KTM subsidiaries are usually not included.
“Thanks in your endurance, we can have extra remark as info turns into obtainable.”
