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Textile machinery and systems manufacturer
rieter.comLast updated
In short: Rieter appointed Georg Stausberg CEO immediately after Daniel Lippuner withdrew over compensation differences.
Daniel Lippuner will not assume the position due to irreconcilable differences over his compensation package. Stausberg, previously CEO of Barmag, has over three decades of textile machinery experience.
Sales reach CHF 321.9 million in the third quarter, order backlog stands at around CHF 850 million as at September 30, 2026, and the full-year outlook is adjusted.
Order intake rises 70.1% to CHF 951.4 million, sales increase 96.3% to CHF 898.6 million, and full-year EBIT margin outlook is cut to -2% to 0%.
Oetterli leaves on October 31, 2026, and Lippuner takes over November 1; Carl Illi becomes Chairman until the April 2027 AGM.
Daniel Lippuner had been appointed as the new CEO of the textile machinery manufacturer in September. Due to a dispute over his bonus, he is now being replaced before he assumes the...
Overall, Rieter has secured orders with a total value of 951.4 million francs since the beginning of the year, as the company announced on Wednesday. This corresponds...
It was the first major appearance of Thomas Oetterli as the new CEO of Rieter - and he had to immediately announce massive job cuts and a strict cost-cutting program for...
Change at the top of the Winterthur-based machinery manufacturer: Thomas Oetterli is leaving the company by the end of October.
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