After the annual general meeting of Piere Mobilitywhich will be held on June 23, 2025, three managers will officially leave their positions in the Austrian company. It’s about, Stephan ZöchlingPresident of the Board of Directors and appears with a wide career in the industry; Rajiv Bajajvice president and CEO of Bajaj Auto andfinally, Friedrich Roithnera member closely linked to the group’s financial management.
The company has described this restructuring as a “Strategic realignment”, An euphemism that, deep down, reflects the deep structural adjustments derived from the recent financial problems and the progressive change of power within the group.
The announcement comes months after KTM It would raffle a serious debt crisis encrypted at 2,250 million euros, which made the continuity of the company seriously. The situation was “resolved” earlier this year thanks to a capital injection of 600 million euros from Bajajwhich acted as financial lifeguards at a limit moment.
However, the human and operational cost has been very high. In fact, more than 1,850 employees lost their work as part of the adjustment process. Now, with the most stable panorama (at least temporarily), Piere Mobility He has proposed the incorporation of three new members to the Board of Directors. DIESH ThaparFinancial Director of Bajaj Auto. Ernst Chaupskyexpert in corporate law and, finally, Ewald Oberhammera famous jurist with extensive experience.
The arrival of DIESH Thapar It is especially important, since it reinforces the presence of Bajaj in the strategic decision making of KTM. In fact, this movement is interpreted as another step towards the operational integration of both companies, with a possible greater control of the processes from India, where there is already a substantial part of the range of low and half -displacement models of KTM.
As we all know, the relationship between KTM and Bajaj It is not new. The Indian manufacturer acquired 14.5% of the actions in 2007, as part of an international diversification strategy. Since then, their participation has been increasing: 38% in 2013, 48% in 2021, and currently, after the latest financial adjustments, it is estimated that the Indians already control more than 50% of the capital.
These changes not only allow Indians to directly influence corporate decision making, but will also obtain the capacity to define the road map of KTM In emerging markets, optimize production through industrial synergies and expand its commercial scope globally.
