Norbert Klapper takes over as Rieter Group CEO

On behalf of Norbert Klapper he will provide support during 2014 in connection with strategically important projects. After four years with a dual mandate, Erwin Stoller will concentrate on the Board chairmanship.

As announced earlier on this year, Norbert Klapper takes over on January 1, 2014 as CEO of the Rieter-Group. At the same time Erwin Stoller relinquishes his dual position as Executive Chairman since 2009 but remains Chairman of the Board.

After graduating in mechanical engineering and receiving his Ph.D. in economics, Norbert Klapper accumulated widely based international experience in the machinery and plant engineering industry, particularly in the markets important to Rieter. His previous position was Executive Vice President Voith Turbo, Heidenheim, Germany.

Peter Gnägi will relinquish his current position as Head of the Business Group Spun Yarn Systems per end of 2013 at own request and stand down accordingly from the Rieter Executive Committee. At the request of Norbert Klapper he will provide support during 2014 in connection with strategically important projects.

Peter Gnägi, graduated in mechanical engineering at the Swiss Federal Institute of Technology in Zurich, joined Rieter in 1990. He was appointed to the Executive Committee in 2002, and has been in his current position since 2011.

The Board of Directors heartily thanks Peter Gnägi for his outstanding contribution to the further development of Rieter's textile machinery and component business. The Board of Directors looks forward to working with Norbert Klapper, and wishes him every success and satisfaction in his new position. 

About Rieter

Rieter is a leading supplier on the world market for textile machinery, based in Winterthur, Switzerland. The company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns.

Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established on the market. With 18 manufacturing locations in 10 countries, the company employs a global workforce (fix) of some 4 700, about 27 % of whom are based in Switzerland.

Rieter