🏍️ KTM Leadership Shakeup: What’s Next for the Motorcycle Giant?
KTM, a global leader in motorcycle innovation, is facing one of the toughest chapters in its history. With unsold bikes piling up, layoffs affecting 1,800 employees, and a 29% revenue drop in 2024, the company is undergoing major restructuring. The latest twist? Long-time CEO Stefan Pierer steps down, with Gottfried Neumeister taking over as CEO of both KTM AG and Pierer Mobility AG.
🔑 Key Topics Covered:
KTM’s financial struggles, including 300 million Euros in losses (EBITDA).
The leadership shuffle: Stefan Pierer becomes Co-CEO, while Neumeister takes the reins.
Investor interest in KTM, as revealed by Pierer Mobility AG’s latest statement.
The role of Citigroup in managing KTM’s restructuring process.
📉 What does this mean for KTM’s future? Join us as we untangle the details and explore the implications for the motorcycle industry!
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