Swiss firm Rieter's board proposes Thomas Oetterli as new chairman

Bernhard Jucker will not stand for re-election as chairman of the board of directors at the next annual general meeting on April 17, 2024, having reached the age limit. The board of directors would like to thank Bernhard Jucker for his outstanding and valuable commitment. During his term of office, he has successfully developed the company through acquisitions and optimisation of the sites.

Roger Baillod, member of the board of directors since 2016 and vice chairman since 2022, will be named as the lead independent director. Together with the board of directors, Roger Baillod will use his many years of experience to continue to ensure good corporate governance, the company said in a press release.

Jennifer Maag will be proposed for election to the board of directors at the annual general meeting on April 17, 2024. Maag, native-born in the US, has Swiss and German citizenship and holds a bachelor’s degree in economics from the University of California, Berkeley (US).

Maag is currently a member of the board of directors of Kardex Holding AG, Zurich, Weidmann Holding AG, Rapperswil, VT5 Acquisition Company AG, Pfäffikon (SZ) and Nova Property Fund Management AG, Pfäffikon (SZ).

In 1999, Maag founded Capital Concepts International AG, Zurich (Switzerland), a mergers and acquisitions consulting firm, where she remains as managing partner. From 1996 to 1999, she was a senior manager in the corporate finance department of KPMG AG in Zurich. She previously worked in auditing at Deloitte in Munich (Germany) and Zurich, during which time she completed her education as a Certified Public Accountant (CPA).

“With her strategic and financial experience, we consider Maag to be an ideal addition to the board of directors,” Jucker said.

Fibre2Fashion News Desk (RR)