Step aside: Pierer leaves Pierer Mobility’s executive chair and becomes co-CEO

One day before the review meeting in the insolvency proceedings of the motorcycle manufacturer KTM, the parent company Pierer Mobility announced that the long-time Pierer Mobility boss, Stefan Pierer, is taking a step aside. In an ad hoc announcement, the listed company announced that long-time manager Gottfried Neumeister would take over as chairman of the board and Pierer would become “co-CEO”. He wants to “accompany the restructuring process”.