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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