EQS-News: Changes to Management Board of Lenzing AG
   EQS-News: Lenzing AG / Key word(s): Personnel
   Changes to Management Board of Lenzing AG

   21.08.2024 / 14:54 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Changes to Management Board of Lenzing AG

    

     • Rohit Aggarwal to take over as CEO of Lenzing AG as of September 1,
       2024
     • Stephan Sielaff will leave at the end of August 2024

    

   Lenzing – The Lenzing Group, a leading supplier of regenerated cellulose
   fibers for the textile and nonwovens industries, changes the composition
   of Management Board. Effective 1 September 2024, Rohit Aggarwal will join
   the Management Board as CEO. Stephan Sielaff, outgoing CEO of the company,
   will leave Lenzing at the end of August 2024 by mutual agreement with the
   Supervisory Board.

   Incoming CEO Rohit Aggarwal is a strategic business economist and global
   leader in the industry, has several decades of experience in leading
   positions in the textile and chemical industry. Rohit Aggarwal has a sound
   understanding of the strategic development of international markets and
   the establishment of efficient management teams through global management
   positions in Europe, the USA and Asia. Thanks to his broad experience in
   the global textile, non-woven and fiber markets, he is well versed with
   Lenzing's core business in all its facets, both in terms of content and
   geography.

   Lenzing Supervisory Board Chairman Cord Prinzhorn: “This summer, we have
   managed a highly professional and smooth transition from Stephan Sielaff
   to his successor. I would like to thank Stephan for his achievements in
   paving a path of strong improvements during a period of multiple
   challenges for the company. With Rohit Aggarwal, we have found the right
   person to manage the ambitious tasks that still lie ahead.”

   Stephan Sielaff: “Today we see a better Lenzing as a result of the massive
   efforts of the whole team worldwide in a still highly challenging market
   environment. I would like to express my greatest respect for all those who
   accompanied me on my journey in Lenzing – I am convinced that we have laid
   the foundation for an outstanding future for Lenzing.”

   Rohit Aggarwal: “I would like to thank Stephan Sielaff for the careful
   handover and look forward to working very closely with the Lenzing team in
   the future. Together with the entire management board and all Lenzing
   colleagues we will guide the company towards a successful future as a
   leading player in the sustainable textile industry. However, we must not
   forget that the markets remain challenging, and we must continue to put
   all our efforts into the turnaround of Lenzing.”

    

   Photo download:

   (1)https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=sjJAYxTa9oo1
   PIN: sjJAYxTa9oo1

    

   Your contact for                                          
   Public Relations:                                         
    
   Dominic Köfner
   Vice President Corporate Communications & Public Affairs
   Lenzing Aktiengesellschaft
   Werkstraße 2, 4860 Lenzing, Austria
    
   Phone   +43 7672 701 2743
   E-mail   (2)media@lenzing.com
   Web      (3)www.lenzing.com
    

    

   About the Lenzing Group
    
   The Lenzing  Group  stands  for eco-responsible  production  of  specialty
   fibers based on cellulose and recycled material. As an innovation  leader,
   Lenzing is  a partner  of global  textile and  nonwoven manufacturers  and
   drives  many   new  technological   developments.  The   Lenzing   Group’s
   high-quality fibers form the basis  for a variety of textile  applications
   ranging from functional, comfortable  and fashionable clothing to  durable
   and sustainable home textiles. Due  to their special properties and  their
   botanical origin, the TÜV certified biodegradable and compostable  Lenzing
   fibers are also highly suitable for everyday hygiene products.
    
   The business  model  of  the Lenzing  Group  goes  far beyond  that  of  a
   traditional fiber  producer. Together  with  its customers  and  partners,
   Lenzing develops innovative products along the value chain, creating added
   value  for  consumers.  The  Lenzing  Group  strives  for  the   efficient
   utilization and processing of  all raw materials  and offers solutions  to
   help transform  the  textile industry  from  the current  linear  economic
   system towards a circular economy. In order to reduce the speed of  global
   warming and thus also support the  targets of the Paris Agreement and  the
   EU Commission’s “Green Deal”, Lenzing has developed a clear  science-based
   climate action  plan  that aims  to  significantly reduce  greenhouse  gas
   emissions by 2030 and a net-zero goal (scope 1, 2 and 3) by 2050.
    
   Key Facts & Figures Lenzing Group 2023
   Revenue: EUR 2.52 bn
   Nominal capacity: 1,110,000 tonnes
   Employees (FTE): 7,917
    
   TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are  trademarks
   of Lenzing AG.

    

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   21.08.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Lenzing AG
                4860 Lenzing
                Austria
   Phone:       +43 7672-701-0
   Fax:         +43 7672-96301
   E-mail:      office@lenzing.com
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1972575


    
   End of News EQS News Service


   1972575  21.08.2024 CET/CEST

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