Termination before the first day of work: The man who almost became CEO at the traditional Rieter Group
Daniel Lippuner was supposed to take up his position as head of the Winterthur-based textile machinery manufacturer this week. Instead, he is now being portrayed as a greedy industrial manager.
Daniel Lippuner was set to become CEO of Rieter, a textile machine manufacturer, but has withdrawn due to unbridgeable differences over his compensation, specifically his bonus. Georg Stausberg, previously CEO of Barmag, which Rieter acquired in February, will take over as CEO instead. Lippuner's withdrawal has raised questions about Rieter's leadership and stability, with the company struggling with declining demand and personnel changes.
Rieter is controlled by Peter Spuhler and Martin Haefner, and has been undergoing restructuring, including layoffs and short-time work.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
