Norbert Klapper takes over as CEO of the Rieter Group and also heads up the Business Group Spun Yarn Systems

By 1 January 2014 Norbert Klapper will take over as general manager. To this date, it will also lead the yarn Business Group Systems. The current head of the Business Group, Peter Gnägi, is standing down by the end of the year at own request and therefore by the Executive Committee of Rieter. On behalf of Norbert Klapper, it will provide support in 2014 through strategically important projects. After four years with a dual mandate, Erwin Stoller will focus on the Presidency of the Council.

As announced earlier this year, Norbert Klapper resumes January 1, 2014, president and CEO of the Rieter Group. At the same time, Erwin Stoller abandons his post dual capacity as Executive Chairman since 2009 but remains Chairman of the Board of Directors.

After graduating in mechanical engineering received his doctorate in economics, Norbert Klapper has accumulated international experience widely depending on machines and facilities engineering industry, particularly in the important markets of Rieter. His previous position was Executive Vice President Voith Turbo, Heidenheim, Germany.

Peter Gnägi will give up his current position as head of business systems by end of 2013 at own request yarn group and withdraw accordingly by the Executive Committee of Rieter. At the request of Norbert Klapper, it will support in 2014 projects strategically important.

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

The Board of Directors thank Peter Gnägi for his outstanding contribution to the development of Rieter textile machinery and component business. The Board of Directors is looking forward to working with him and Norbert Klapper wishes every success and satisfaction in his new functions.

Please find the press release at www.rieter.com/ de/rieter/medien/mediencommuniques /. You can also register at www.rieter.com to receive our media releases regularly via e-mail.

Press release (PDF / EN)
Press release (PDF / of)

Cornelia Schreier
Manager Corporate communication
T + 41 52 208 70 32
F + 41 52 208 70 60
Media@Rieter.com

Rieter is a leading supplier on the world market for the textile industry, based in Winterthur, Switzerland. The company develops and manufactures systems, machines and components of the technology used to convert the son in natural and artificial fibres and their blends. Rieter is the only supplier worldwide for process of spinning of the cover as well as all four final spinning processes currently implemented in the marketplace. With 18 sites in 10 countries of manufacture, the company employed a global workforce (fix) some 4 700, about 27% of them are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under the symbol nothing.

www.Rieter.com