This is the new boss

STEYR ARMS, which has been owned by Czech investment group RSBC since 2024, will be managed by Milan Šlapák. In his new role, he will focus on operational management of the business and accelerating innovation. The current CEO, Tim Castagne, will shift his focus to business development, strategic expansion of the product portfolio and new acquisition opportunities. This change will drive the rapid expansion of STEYR ARMS in the US and European markets.

STEYR ARMS products are among the best in the world. Our priority is to expand, and an important part of this is to introduce efficient process management within the company. We are simplifying the management structure to support faster decision-making and accelerate product innovation. Our main goal is to strengthen the local teams and develop a product strategy tailored to the specific needs of the US market,' says Milan Šlapák, the new CEO of STEYR ARMS.

Milan Šlapák steps down as CEO of RSBC Group, owner of STEYR ARMS. RSBC sees exceptional opportunities in the defence sector in the coming years. To accelerate growth, Tim Castagne will focus on what is most critical to the success of STEYR ARMS, AREX and planned acquisitions: broadening the customer portfolio, expanding into new markets and strengthening the position in the US market.

The previous Managing Director of STEYR ARMS, Tim Castagne, has more than thirty years' experience in the defence industry and is a leading expert in sales development. In his new role as Vice President of Sales and Business Development, he will focus on market expansion, strategic management of the product portfolio and identifying new acquisition opportunities.

The US civilian market is worth more than five billion dollars a year and the global market for the armed forces in our product portfolio is worth around 2.8 billion dollars. This is a huge opportunity for STEYR ARMS. Another advantage is the use of synergies with AREX. AREX is also part of the RSBC Group and specialises in small arms and body armour. By working even more closely with AREX, STEYR ARMS will be able to broaden its product portfolio, increase its competitiveness on the global market and create opportunities for new acquisitions. We believe the changes we have initiated will increase our opportunities for long-term growth and new acquisitions," said Tim Castagne, Vice President of Sales and Business Development for STEYR ARMS.

The defence industry is one of the key areas of the RSBC investment group's overall strategy. The group's investments include both STEYR ARMS and the Slovenian manufacturing company AREX. It is the second investment of the RSBC Defence Qualified Investor Fund after the Slovenian company AREX. AREX was acquired by RSBC Group in 2017.

STEYR ARMS online