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Rieter announces management changes in annual meeting
Apr '17
Rieter, the world’s leading supplier of systems for short-staple fibre spinning in Switzerland, recently conducted the 126th annual general meeting of the company, with 489 shareholders who represented 64 per cent of the share capital of Rieter. With better financial position and the solid result for 2016, a dividend of 5.00 CHF per share was approved.

The shareholders approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the group executive committee for the fiscal year 2018.

The members of the Board of Directors that included This E. Schneider, Michael Pieper, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, and Bernhard Jucker, were confirmed for an additional one-year term of office. The general meeting elected Carl Illi and Luc Tack as new members of the Board of Directors. The general meeting elected Bernhard Jucker as the new chairman of the Board of Directors.

This E. Schneider and Hans-Peter Schwald, the members of the remuneration committee who were standing for election, were also each re-elected for a one-year term of office. Chairman of the Board of Directors, Bernhard Jucker was elected as a new member of the remuneration committee. Erwin Stoller retired from the position of chairman.

Shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, the financial statements, and the consolidated financial statements for 2016, and formal approval of the actions of the members of the Board of Directors and those of the group executive committee in the year under review. (GK)

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