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No concrete information was given regarding the duration of the temporary solution. But this is about sustainable implementation of the ongoing “Next Level” savings program. As it is known, nearly 900 jobs will be victims of this. Oetterli, who has only been CEO since last spring, launched the savings program in the summer.
The background of the dual mandate is that the incumbent Rieter President Bernhard Jucker has reached the age limit and will therefore no longer be able to participate in elections at the next general assembly meeting on 17 April 2024. Jucker was born in 1954 and has been a member of the Rieter Board of Management since 2016 and Chairman since 2017.
Thomas Oetterli will now be assisted by Deputy Chairman Roger Baillod as “Lead Independent Director”. This should ensure good corporate governance.
According to the statement, Jennifer Maag will also be elected to the board of directors of the Winterthur company at the next general assembly meeting. She is the founder and partner of a consultancy firm for acquisitions and mergers and sits on the board of directors of Kardex, Weidmann and VT5, among others.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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