Steyr Motors Proposes New Supervisory Board Members with Defense and Financial Expertise

Steyr Motors AG is planning to appoint new members to its Supervisory Board and is proposing Rolf Wirtz and Gerhard Schwartz, two experienced industry and capital market experts, as new members of the Supervisory Board at the Annual General Meeting on 10 April 2026. After the former major shareholder, Mutares SE & Co. KGaA, sold its entire stake in Steyr Motors AG in November 2025, the previous Supervisory Board members and representatives of Mutares SE & Co. KGaA, Dr. Christian Klingler and Fabian Schlegel, are no longer available for re-election. Their term of office on the Supervisory Board will end at the close of the Annual General Meeting on 10 April 2026.

In the invitation to the Annual General Meeting published today, the Company is therefore proposing two new members for election to the Supervisory Board, both of whom have extensive industry and capital market expertise. Rolf Wirtz is a top manager with many years of experience in the defense sector, most recently serving as CEO of TKMS until 2022. In addition to his in-depth expertise in the defense industry, which is essential for Steyr Motors, he also has extensive management experience in an international industrial context and, as the designated Chairman of the Supervisory Board, will support the Management Board in the further expansion of the business in the military and civil sectors.

Gerhard Schwartz is well known on the Austrian capital market as a financial expert and can look back on a long career as an auditor/tax advisor, most recently as managing partner at EY. As the designated head of the audit committee, he will support Steyr Motors in the further expansion of key financial and control functions in order to successfully position the organisation for further growth. In addition, the company proposes the re-election of Alexander Fitzka, Investment Manager of the B&C Group, who has been a member of the Supervisory Board since August 2025.

Julian Cassutti, CEO of Steyr Motors, stated his delight at continuing to have a highly qualified and experienced Supervisory Board at his side with the newly proposed Supervisory Board members, who will provide the company with the best possible support and supervision as it takes its next steps towards growth. He expressed sincere thanks to the outgoing Supervisory Board members for their open and trusting cooperation for the benefit of the company. The Annual General Meeting of Steyr Motors AG will take place on 10 April 2026 at 10 a.m. in Steyr. The relevant documents are available from today on the Steyr Motors AG website in the Investor Relations section at https://ir.steyr-motors.com.

This announcement matters because it signals a strategic shift in Steyr Motors' governance following a change in ownership, with the company seeking to bolster its board with specialized expertise critical to its core markets. The proposed appointments of Wirtz and Schwartz directly address the company's needs in defense industry leadership and financial oversight, which are essential for navigating growth in mission-critical sectors. The move underscores the importance of board composition in steering specialized industrial firms through expansion phases, particularly after shareholder transitions. By aligning supervisory capabilities with business priorities, Steyr Motors aims to enhance strategic guidance and operational stability, which could influence investor confidence and competitive positioning in the customized engine market. The re-election of an existing member alongside new appointments suggests continuity amid change, potentially smoothing the transition and maintaining institutional knowledge while injecting fresh perspectives.