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Rieter Appoints Successor to Outgoing CEO

MT Newswires·09/30/2026 01:20:30
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01:20 AM EDT, 09/30/2026 (MT Newswires) -- Rieter (RIEN.SW) named Daniel Lippuner as chief executive officer to succeed Thomas Oetterli, who will step down on Oct. 31. Lippuner previously served as CEO at the Saurer Group and will take on his new role at the Swiss textile machinery maker on Nov. 1, according to a Tuesday filing. Meanwhile, board member Carl Illi will take over as chairman until Rieter's next annual general meeting on April 14, 2027.