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flag KTM AG's CEO Stefan Pierer steps down amid financial struggles; Gottfried Neumeister takes over as Co-CEO.

flag Stefan Pierer, the CEO of KTM AG and Pierer Mobility Group, is stepping down and will be succeeded by Gottfried Neumeister as Co-CEO. flag This transition comes amid KTM AG's financial struggles, including a workforce reduction of 1,800 employees. flag Pierer will continue to support the company during its restructuring. flag Neumeister, with extensive corporate experience, aims to preserve KTM's legacy while pushing for innovation and growth.

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