Bernhard Jucker, the Chairman of the Board of Directors at Rieter Holding AG, will not seek re-election at the upcoming Annual General Meeting on April 17, 2024. Jucker, who has reached the age limit, has been credited for his remarkable contribution to the company’s success. Under his leadership, Rieter experienced growth through strategic acquisitions and site optimization. The Board of Directors expresses their gratitude for Jucker’s outstanding commitment.
Thomas Oetterli, currently serving as CEO of the Rieter Group, has been proposed as the new Chairman of the Board. This proposal aims to ensure the smooth implementation of the “Next Level” performance program. The Board of Directors believes that Oetterli possesses the necessary qualifications and background experience to lead Rieter Holding Ltd. alongside his existing role.
Additionally, Roger Baillod, a member of the Board of Directors since 2016 and Vice Chairman since 2022, will assume the position of Lead Independent Director. Baillod’s extensive experience will contribute to maintaining good corporate governance within the company.
Furthermore, Jennifer Maag, a respected figure in the finance industry, has been nominated for election to the Board of Directors at the upcoming Annual General Meeting. Maag, who holds Swiss, German, and American citizenship, brings strategic and financial expertise to the table. She currently serves on the Board of Directors for various renowned companies and has a background as a Certified Public Accountant (CPA). Jucker has expressed his confidence in Ms. Maag, stating that she will be an ideal addition to the Board.
The changes within the Board of Directors aim to ensure a seamless transition of leadership and sustained growth for Rieter Holding AG.
