Honestly, I would've thought Stefan Pierer, KTM's CEO and then Co-CEO, would've been ousted months ago. The turmoil behind the scenes all-but ensured he'd leave. I mean, there's the brand's insolvency, it leaving numerous motorsports championships, the countless layoffs, the closing of businesses he acquired, the constant bullshit PR spin about how everything is actually fine, and the selling off of MV Agusta after less than a year.
And there were other terrible decisions too numerous to count.
But no. He's only stepping down now after the company was given a lifeline to, hopefully, stay intact. I say hopefully, as it's still unknown whether or not it will, indeed, stay afloat. There are some steep obstacles it still needs to cross, including acquiring more funding, paying off debtors, and figuring out what the hell its strategy will be going forward.
