Rieter chief executive Thomas Oetterli will step down on 31st October, handing over the board chairmanship as the Swiss textile machinery group separates the roles.
Daniel Lippuner, former chief executive of Saurer Group, will become chief executive on 1st November. Carl Illi, a Rieter board member since 2017, will serve as chairman until the annual general meeting on 14th April 2027.
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