Business · Companies · 13 hrs ago
Rieter’s appointed CEO steps aside over pay dispute
Daniel Lippuner will not become CEO of Rieter after a disagreement over his compensation, especially his bonus.
Rieter is a textile machinery maker based in Winterthur, Switzerland.
Lippuner was named in late September to replace Thomas Oetterli and was due to start on November 1.
Georg Stausberg has taken the CEO role instead; he previously led Barmag, which Rieter acquired in February.
The change comes as Rieter faces a prolonged lack of demand growth and has struggled to get back on course under Oetterli.
Stausberg has more than three decades of experience in the international textile machinery industry, but the company has not said what steps he will take next.
Rieter said appointed CEO Daniel Lippuner would not take the post because of unbridgeable differences over his compensation, particularly his bonus.
Lippuner had been due to start as CEO on November 1.
Georg Stausberg, previously CEO of Barmag, took over the role instead.
Rieter announced Lippuner as successor to Thomas Oetterli at the end of September.
The NZZ article said the dispute added uncertainty at the company, which has been waiting for a recovery in demand.
- Who
- Daniel Lippuner, Rieter’s appointed CEO, stepped aside; Georg Stausberg took over.
- What
- Lippuner did not take the CEO post because of differences over compensation, particularly his bonus.
- When
- The announcement came during the week of November 8, 2026; Lippuner was due to start on November 1.
- Where
- Rieter is based in Winterthur, Switzerland.
- Why
- Rieter cited unbridgeable differences over Lippuner’s compensation, especially his bonus.
This story does not have two clearly opposing sides.
Rieter acquired Barmag, where Georg Stausberg was CEO.
Rieter announced Daniel Lippuner as successor to Thomas Oetterli.
Lippuner was due to take up the CEO post.
Rieter announced that Lippuner would not take the post and that Stausberg would become CEO.
- Appointed CEO
- Daniel Lippuner
- Incoming CEO
- Georg Stausberg
- Previous CEO
- Thomas Oetterli
- Planned start date
- November 1
- Disputed compensation
- Especially Lippuner’s bonus
1 source
What people are saying
unbridgeable differences
one of the most prominent leaders in the global textile machinery industry