12:58 AM EST, 11/04/2026 (MT Newswires) -- Rieter (RIEN.SW) Chief Executive Officer Designate Daniel Lippuner declined to assume office after additional compensation demands were not met. Instead, Barmag CEO Georg Stausberg stepped in as CEO of the Swiss textile machinery maker on Wednesday, according to a same-day release. Stausberg has been a member of Rieter's executive committee since the man-made fiber production systems company's takeover in February.

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