Georg Stausberg Appointed CEO of Rieter Group with Immediate Effect

The Barmag CEO will take over the leadership of Rieter Group from 4 November 2026, following the withdrawal of designated CEO Daniel Lippuner over differences concerning his compensation package.

Rieter Group has appointed Georg Stausberg as its Chief Executive Officer (CEO), effective 4 November 2026. Stausberg, who currently serves as CEO of Barmag, will assume the position after designated CEO Daniel Lippuner decided not to take up the role following disagreements with the company's Board of Directors over his compensation package.

Daniel Lippuner Will Not Assume CEO Position

According to Rieter, the Board of Directors was confronted by Daniel Lippuner with additional demands regarding his compensation package, particularly his bonus.

Due to irreconcilable differences, Lippuner will not assume the position of CEO of the Rieter Group.

Georg Stausberg to Lead Rieter Group

Georg Stausberg brings more than three decades of experience in the international textile machinery industry. He has held various leadership positions at Barmag and played a role in shaping the company's development.

During his tenure as CEO, Barmag consolidated its position as the world's leading supplier in the man-made fibre sector.

Following Rieter's acquisition of Barmag in February 2026, Stausberg became a member of the Rieter Group's Executive Committee.

With his industry experience and international network, Stausberg is among the prominent leaders in the global textile machinery industry.

Rieter Group: Forthcoming Dates

The company has announced the following dates for 2027: