Rieter with New Group Structure
Ad hoc announcement pursuant to Art. 53 LR
The planned acquisition of the “Barmag” Division of OC Oerlikon will create the leading system provider worldwide for natural and man-made fibers. Rieter is confident it will receive all regulatory approvals to complete the acquisition in the fourth quarter of 2025. The Rieter Group is therefore adjusting its Group structure as of January 1, 2026, to take this acquisition into account and to be able to provide an even more agile response to market challenges.
The Machines & Systems and After Sales Divisions will be merged. Alexander Özbahadir will take over the new “Short-Staple Fiber” Division, which will be responsible for the short-staple fiber business, effective January 1, 2026. This will create synergies in sales and service activities and increase customer centricity through a geographical focus.
Roger Albrecht will now be responsible for the “Components and Technology” Division. His mandate will be to develop pioneering technology solutions, drive innovation and achieve growth in the key components business. With this organizational change, Rieter will further expand its technology leadership and intensify its development activities between Rieter and the component companies Accotex, Bräcker, Graf, Novibra, Suessen, SSM and Temco.
Serge Entleitner has decided to step down from the Group Executive Committee, effective December 31, 2025, and will support the company on various projects until his retirement in 2027. “Serge Entleitner has been instrumental in the development of the Components Division in recent years. On behalf of the Board of Directors, I would like to thank Serge for his outstanding contribution to the success of our company,” says Thomas Oetterli, Chairman of the Board of Directors and CEO of Rieter.
Upon successful closing of the Barmag acquisition, the “Man-Made Fiber” Division will be integrated into the Rieter Group. Georg Stausberg will continue to lead the division and report to Thomas Oetterli, CEO of Rieter. He will also take a seat on the Group Executive Committee.
As of January 1, 2026, the Rieter Group Executive Board will comprise the following members:
- Thomas Oetterli, Chief Executive Officer
- Oliver Streuli, Chief Financial Officer
- Emmanuelle Gmür, Chief Human Resources Officer
- Alexander Özbahadir, Head of the “Short-Staple Fiber” Division
- Georg Stausberg (after closing), Head of the “Man-Made Fiber” Division
- Roger Albrecht, Head of the “Components and Technology” Division
The new, simplified organization will sharpen customer focus, strengthen technology leadership, increase productivity and promote synergies.
Rieter is responding to the persistently weak market situation with further cost-cutting measures by adjusting production capacities, simplifying supply chains, and streamlining overhead functions. The estimated one-off costs of around CHF 30 to 35 million will result in annual savings of just under CHF 30 million.
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Oliver Streuli
Chief Financial Officer8406 Winterthur
Switzerland
Relindis Wieser
Head Group Marketing & Communication, Member of the Extended Group Executive Committee8406 Winterthur
Switzerland
About Rieter
Rieter is the world’s leading supplier of systems for manufacturing yarn from staple fibers to spinning mills. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns in the most cost-efficient manner. Cutting-edge spinning technology from Rieter contributes to sustainability in the textile value chain by minimizing the use of resources. Rieter has been in business for 230 years, has 18 production locations in ten countries and employs a global workforce of around 4 400, about 15% of which is based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN. www.rieter.com
Disclaimer
All statements in this report which do not refer to historical facts are forecasts that offer no guarantee whatsoever with respect to future performance; they embody risks and uncertainties which include – but are not limited to – future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors which are outside the company’s control. This text is a translation of the original German text.