Group Executive Committee
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Thomas Oetterli (1969)
Chief Executive Officer (CEO)
Swiss national
Member of the Group Executive Committee
2023
Educational and professional background
Lic. oec., University of Zurich.
Rieter Management AG (since 2024 Rieter Ltd.), Winterthur, Chief Executive Officer and member of the Group Executive Committee of Rieter Holding Ltd., Winterthur; 2022 Nokera Group, Rüschlikon, CEO; 2016–2022 Schindler Group, Ebikon, CEO; 2013–2016 Schindler Group China, Shanghai, CEO; 2010–2013 Schindler Europe North & East, Ebikon, President; 2006–2009 Schindler Schweiz, Ebikon, Managing Director; 2003–2006 Schindler Germany, Berlin, CFO; 2002–2003 C. Haushahn Aufzüge GmbH & Co. KG, Stuttgart, Managing Director; 2000–2001 Haushahn Group, Stuttgart, CFO.
Other activities and interests
SFS Group, Heerbrugg, Chairman of the Board of Directors; Swissmem, Zurich, member of the Council.
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Roger Albrecht (1982)
Head of the Machines & Systems Division
Swiss national
Member of the Group Executive Committee
2021
Educational and professional background
Bachelor in Business Administration, University of Applied Sciences Zurich (ZHAW), Switzerland, and Master of Accounting and Finance, University of St. Gallen (HSG), Switzerland.
Since March 2021 Rieter Management AG (since 2024 Rieter Ltd.), Winterthur, Head of the Machines & Systems Division and member of the Group Executive Committee of Rieter Holding Ltd., Winterthur; 2018–2021 Spindelfabrik Suessen GmbH, Suessen, Managing Director; 2015–2017 Rieter Management AG, Winterthur, Senior Vice President Finance, Controlling & Projects, Business Group Components; 2012–2015 Hilti Canada, Mississauga/Ontario, Director of Finance, Finance Business Partner; 2008–2012 Hilti Group, Schaan, Business Unit Controller, BU Chemicals and BU Direct Fastening.
Other activities and interests
None.
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Serge Entleitner (1964)
Head of the Components Division
Austrian national
Member of the Group Executive Committee
2017
Educational and professional background
Master of social and economic sciences, Leopold-Franzens University Innsbruck; SKU Swiss Programs in Management, Brunnen and ETH Zurich, Switzerland, and London Business School, United Kingdom.
Since 2017 Rieter Management AG (since 2024 Rieter Ltd.), Winterthur, Head of the Components Division and member of the Group Executive Committee of Rieter Holding Ltd., Winterthur; 2011–2016 Bühler AG, Uzwil, Head of Business Area Consumer Foods; 2008–2010 Conzzeta AG, Zurich, Head of Business Unit Coatings and member of the Executive Board; 2005–2008 Schmid-Rhyner AG, Adliswil, Managing Director; 2000–2005 Sefar AG, Division Printing, Thal/SG, Head of Marketing & Sales MSC EUROW (Europe and Rest of the World, without USA and Asia Pacific), Vice President and member of the Division Management; 1991–2000 Saurer Sticksysteme AG, Arbon, several managing positions in sales.
Other activities and interests
None.
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Rico Randegger (1973)
Head of the After Sales Division
Swiss national
Member of the Group Executive Committee
2019
Educational and professional background
Studies of Electrical Engineering at the NTB Buchs (HTL) and Postgraduate Studies in Business Engineering FH at the PHW Zurich.
Since 2019 Rieter Management AG (since 2024 Rieter Ltd.), Winterthur, Head of the After Sales Division and member of the Group Executive Committee of the Rieter Holding Ltd., Winterthur; 2018–2019 Bosch Packaging Technology, Königsbrunn, Head of the Product Group Liquid Food; 2015–2017 Ampack GmbH, Königsbrunn, CEO; 2010–2014 Bosch Packaging Services AG, Beringen, CEO; 2008–2010 Bosch Packaging Services AG, Neuhausen, Director Field Service; 2003–2007 Sigpack Services, Inc., Raleigh (NC), Business Analyst; 2000–2002 Sigpack Systems AG, Neuhausen, Team Leader Customer Service; 1998–2000 SIG Pack Systems AG, Neuhausen, Commissioning Engineer.
Other activities and interests
None.
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Oliver Streuli (1988)
Chief Financial Officer (CFO)
Swiss national
Member of the Group Executive Committee
2023
Educational and professional background
Master of Arts in Accounting and Corporate Finance HSG, University of St. Gallen; Bachelor of Arts in Business Administration HSG, University of St. Gallen.
Since 2023 Rieter Management AG (since 2024 Rieter Ltd.), Winterthur, Chief Financial Officer and member of the Group Executive Committee of Rieter Holding Ltd., Winterthur; 2019–2023 PCS Holding AG, Frauenfeld, CEO; 2022–2024 Swiss Steel Group, Lucerne, Member of the Board of Directors; 2022–2023 Sönmez Transformatör Sanayi ve Ticaret A.Ş., Dilovası/Kocaeli, Türkiye, member of the Supervisory Board; 2020–2023 Traktionssysteme Austria GmbH, Wiener Neudorf, member of the Supervisory Board; 2021–2022 Rolling Stock Finance AG, Frauenfeld, Chairman of the Board; 2020–2022 Estonian Train Finance AG, Frauenfeld, Chairman of the Board; 2020–2022 Nordic Train Finance AG, Frauenfeld, Chairman of the Board; 2019–2022 Austrian Train Finance AG, Frauenfeld, Chairman of the Board; 2017–2019 Stadler Rail Management AG, Frauenfeld, Assistant Group CEO and Executive Chairman.
Other activities and interests
Since 2021 Autoneum Holding AG, Winterthur, member of the Board of Directors; 2022–2023 Flux Mobility AG, Winterthur, member of the Board of Directors.
Risk management
Rieter has an Internal Control System (ICS) designed to ensure the effectiveness and efficiency of the company’s operations, the reliability of the financial accounting, and compliance with legal requirements. The ICS is an important component of the risk management system.
The risk management process is regulated by the “Rieter Risk Management System” directive. This directive defines the important risk categories on which risk management is based, and the functions that deal with the various risks within the Group. In addition, the directive sets out the procedures for identifying, reporting and handling risks, the criteria for qualitative and quantitative risk assessment, and the thresholds for reporting identified risks to the competent management levels.
Once a year, under the direction of the General Counsel, a workshop is held to evaluate risks in terms of probability of occurrence and impact on the Group, and to identify the necessary risk management measures.
Market and business risks arising from developments in the relevant markets and the products offered are also assessed as part of strategic planning. In addition, as is the case with the operational risks, they are regularly discussed at the monthly meetings of the Group Executive Committee. Other risks that could cause actual results to deviate from the financial plan are also dealt with at these meetings. In the process, necessary corrective measures are discussed, defined and monitored. Significant individual risks are reported to the Board of Directors in the monthly reports.
Risks resulting from acquisitions or other major projects are recorded and dealt with at the corporate level within the scope of the authorization competencies and in the corresponding project organizations. Such projects are discussed at the Group Executive Committee meetings and evaluated regularly for submission to the Board of Directors.
Periodic reports are prepared for selected risks. This applies, in particular, to environmental and occupational safety risks at the various production sites, financial risks from sales activities, risks arising from the work of the treasury, and risks from litigation and legal compliance.
Cyber security risks
International companies are exposed to the risk of cyber-attacks. Such attacks use a variety of methods to target computer information systems, infrastructures, computer networks and/or personal computing devices.
Rieter organizes its IT infrastructure in such a way as to provide the best possible protection against cyber-attacks. In addition, comprehensive processes have been introduced to detect and respond to cyber-attacks at an early stage and to ensure IT continuity. This is achieved by deploying internal staff and state-of-the-art technology, supported by an external Security Operations Center.
Rieter employees receive regular training on how to identify cyber risks and how to deal with them properly.
Cyber maturity is subject to regular audits. The Board of Directors and management assign high priority to the cyber security roadmap and monitor changes very closely.
New online fraud prevention training was introduced in 2022. This is designed to raise awareness of cyber fraud, particularly among those employees who are the most exposed to such risks. All Rieter employees were required to attend this training, which is also mandatory for new employees.
An overall assessment of the identified risks and the instruments and measures taken to deal with these risks takes place once a year. The results of this assessment are reported to the Board of Directors annually.
Code of Conduct
The Code of Conduct is part of every employee’s contract of employment. The Code of Conduct is explained to the employees in the individual business units. Centralized coaching is also provided for members of management in the form of an e-learning program. Compliance with the Code of Conduct is regularly verified in the context of internal audits and by additional audits. The Code of Conduct can be accessed here.
Employees can report violations of the Code of Conduct via an external whistleblowing office.
The Supplier Code of Conduct, which also addresses environmental sustainability issues, was updated in 2022.
Directorships outside the Group
No member of the Group Executive Committee may hold more than four directorships, of which no more than two may be with listed companies. This limitation does not apply to the following:
- directorships with companies controlled by the Group,
- directorships held by a member of the Group Executive Committee on behalf of the Group or companies controlled by it,
- directorships with companies that do not qualify as companies within the meaning of Art. 727 para. 1 no. 2 CO,
- directorships with non-profit associations and foundations as well as employee benefit plans.
Directorships within the meaning of c) and d) are limited to 20.
Members of the Group Executive Committee must have their mandates approved by the Board of Directors prior to acceptance.
Management contracts
There are no management contracts between Rieter Holding Ltd. and third parties.