Business · Companies · 13 hrs ago
Rieter names Georg Stausberg CEO after Daniel Lippuner withdraws
Daniel Lippuner will not take up Rieter’s CEO post after a dispute over his pay, especially his bonus.
Rieter is a Swiss textile machinery maker, and the disagreement arose before Lippuner was due to start.
Georg Stausberg takes over the company immediately, replacing him at the head of the group.
Stausberg was previously CEO of Barmag and joined Rieter’s executive leadership after Rieter acquired Barmag in February 2026.
The company expects 2026 sales of 1.3 billion to 1.5 billion Swiss francs, at the lower end of that range.
It also now expects an operating EBIT margin of minus 2% to zero, citing pressure on margins and a slower-than-expected market recovery in Europe, the Middle East and Africa, and the Americas.
Rieter named Georg Stausberg as its CEO after Daniel Lippuner withdrew before taking up the role.
The company said it and Lippuner had irreconcilable differences over additional compensation demands, particularly his bonus.
Stausberg, previously CEO of Barmag, took over Rieter’s group management with immediate effect.
Rieter expects 2026 revenue at the lower end of its forecast range of 1.3 billion to 1.5 billion Swiss francs.
The company now expects an operating EBIT margin of minus 2% to zero.
- Who
- Rieter named Georg Stausberg as CEO after Daniel Lippuner withdrew.
- What
- Lippuner will not take up the role because of a dispute over compensation, particularly his bonus.
- When
- The announcement was made on Wednesday, November 4, 2026. Stausberg took over with immediate effect.
- Where
- Rieter Holding AG is a Swiss textile machinery manufacturer.
- Why
- Rieter said there were irreconcilable differences over additional compensation demands from Lippuner, especially regarding his bonus.
This story does not have two clearly opposing sides.
Rieter acquired Barmag, and Stausberg became a member of Rieter’s group management.
Rieter said Lippuner would not take up the CEO role and named Stausberg to lead the group with immediate effect.
- Incoming CEO
- Georg Stausberg, previously CEO of Barmag
- Withdrawing CEO
- Daniel Lippuner
- Reason for withdrawal
- Irreconcilable differences over additional compensation demands, particularly the bonus
- 2026 revenue forecast
- 1.3 billion to 1.5 billion Swiss francs, expected at the lower end
- 2026 operating EBIT margin forecast
- Minus 2% to zero
- Barmag acquisition
- Rieter acquired Barmag in February 2026
What people are saying
due to irreconcilable differences
with additional demands regarding his compensation, particularly his bonus