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

The news comes in theᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ 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 financial crꦿisis.

Pierer founded the Pierer Mobility Group in 1987 and ser൩ved as a shareholder and member of KTM’s management board f🌳rom 1992 until this week.

He ꧑stood down as CEO at the start of the year, handing over to Gottfried Neumeister, but continued𝓀 to act as co-CEO as the company moved ahead with its restructuring plan.

On Tuesday, KTM AG announced that Pierer wo📖uld be stepping down entirely. He will remain as co-CEO of Pierer Mobility AG🌌.

“I wish Gottfried Nꦬeumeister all the best from the bottom ofꦉ 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 compꦿany successfully into the future.”

Neumeister added: “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🌟 together with our great employees.”

KTM has also confirmed that the head of its legal♐ department Veren🍷a Schneglberger-Grossmann has been appointed onto the board.

On 25 February, 168澳洲5最新开奖结果:KTM’s restructuring and its plans to pay back creditors 30% ofꦡ the over 🦹€2 billion debts it had accrued was accepted in the Austrian courts.

KTM will need to pay €548 m𝔉illion by 23 May, though numerous entities are said to have pledged up to €900 million i🍸n investment.

Production, which has been on pause over the wint♛er, will begin again in mid-March after Bajaj Auto - who owns 49% of KT♔M - pledged a €50 million loan.

The future of the MotoGP project rem🌠ains 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 tꦫo the 2025 season, with Pedro Acosta crashin🧸g early in the Thai Grand Prix and its top runner Brad Binder in eighth - almost 20s back from winner Marc Marquez.