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Rieter CEO Thomas Oetterli to step down Oct. 31, 2026; Jefferies cuts Partners Group target to CHF 605; UBS raises Nestle target to CHF 81; Morgan Stanley raises Holcim target to CHF 79. Data and central bank items: Swiss August Official Reserves Assets (0700 GMT), Swiss September Investor Sentiment (0800 GMT) and SNB
Rieter said Thomas Oetterli has decided to step down as CEO effective Oct 31, 2026. Daniel Lippuner will take over as CEO on Nov 1, 2026, while Carl Illi will become board chairman until the next AGM on Apr 14, 2027.
Thomas Oetterli will step down as CEO on Oct. 31, 2026 and also hand over the board chair role. Daniel Lippuner becomes CEO on Nov. 1, 2026; Carl Illi will chair until the April 14, 2027 AGM.