Rieter General Meeting: All motions approved
Rieter is one the world's leading
supplier of systems for short-staple fiber spinning. Based in
Winterthur (Switzerland), the company develops and manufactures
machinery, systems and components used to convert natural and
manmade fibers and their blends into yarns. Rieter is the only
supplier worldwide to cover the spinning preparation processes
as well as all four end spinning processes currently established
on the market.
Mr. Bernhard Jucker.
At the 126th annual general meeting of Rieter Holding Ltd.,
on 5th April 2017, 489 shareholders, who represent 64% of the
share capital, participated. In light of the good financial
position of the company 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: 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.
Chairman of the Board of Directors Erwin Stoller was no
longer available to stand for re-election. The general meeting
elected Bernhard Jucker as the new Chairman of the Board of
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.
The Board of Directors expressed its heartfelt thanks to
Erwin Stoller for his outstanding achievements in the management
and development of the company as well as his exemplary
commitment to the well-being of Rieter. In his almost 40 years
of affiliation with the Rieter Group, he shaped and formed the
company for many years and rendered great service to the Rieter
Group. During this time, Erwin Stoller served in various
executive positions, including as Executive Chairman from 2009
to 2013, and as Chairman of the Board of Directors since 2008.
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.