Globally renowned supplier of systems for yarn production in spinning mills Rieter Holding AG, has unveiled notable changes in its leadership team. Thomas Oetterli, current CEO of Rieter Group, is set to assume the role of chairman of the board, succeeding Bernhard Jucker, who is scheduled to retire during the upcoming Annual General Meeting on April 17, 2024. Jucker, during his tenure, successfully navigated the company through numerous acquisitions and implemented optimization strategies at various sites.
Roger Baillod, a member of the Board of Directors since 2016 and Vice Chairman since 2022, is slated to become the Lead Independent Director. In this capacity, Baillod will continue to play a crucial role in ensuring strong corporate governance alongside the board of directors.
Jennifer Maag is being considered for election to the Board of Directors. A US native with Swiss and German citizenship, Maag holds a bachelor's degree in Economics from the University of California, Berkeley. Currently serving as a board member for Kardex Holding AG in Zurich, Weidmann Holding AG in Rapperswil, VT5 Acquisition Company AG in Pfäffikon (SZ), and Nova Property Fund Management AG in Pfäffikon (SZ), Maag brings a wealth of experience to the potential role within Rieter Holding AG.
