EQS-News: Lenzing AG / Keyword(s): Personnel Lenzing strengthens the Board of Directors with Chief Transformation Officer 04/12/2024 / 6:45 p.m. CET/CEST The issuer/publisher is responsible for the content of the announcement. ═════════════════════════════════════════ ═════════ ════════════════════════ Lenzing strengthens the board with Chief Transformation Officer • Dr. Walter Bickel appointed board member on April 15th • Focus on implementation and further development of the Lenzing performance program – The Supervisory Board of Lenzing AG has appointed Dr. Walter Bickel appointed as a member of the Board of Directors and Chief Transformation Officer of Lenzing AG with effect from April 15, 2024 until December 31, 2025. The experienced manager will strengthen the Lenzing Board of Directors and will be responsible for the further development and implementation of the performance program. Lenzing AG’s existing performance program was successfully initiated by the Board of Directors in autumn 2023 and focuses on positive free cash flow, strengthened sales and margin growth, and sustainable cost excellence. The appointment of a separate board of directors for the performance program underlines its importance for the economic recovery of Lenzing AG and will make a significant contribution to achieving the goals. In addition, this ensures that the existing board of directors can devote all the necessary resources to its core tasks in sales, operations and finances. Dr. Bickel is a proven expert in implementing yield increase programs. He has decades of leadership experience in management consulting and in leading positions in industrial companies. As a member of top management, he has successfully supported comprehensive performance programs at companies such as KUKA, Treofan and Syntegon. Dr. At Lenzing, Bickel will further advance and accelerate the performance program, which has already made important contributions to improving earnings, and tap into additional performance improvement potential with the aim of significantly sustainably increasing Lenzing’s earning power and competitiveness. Chairman of the Supervisory Board Cord Prinzhorn: “The simultaneity of crisis management and business development requires a well-positioned team that can meet these major challenges. After careful consideration, the Supervisory Board came to the conclusion that expanding the Executive Board is the right step to overcome the current crisis and the major challenges associated with it. With Dr. We have been able to attract a great and experienced manager, Walter Bickel, and I am very much looking forward to working with him. Together with the strong team around Stephan Sielaff, Dr. Bickel will help Lenzing come out of this difficult phase stronger.” Statement Dr. Walter Bickel: “I am pleased to be able to contribute my experience to Lenzing AG and am convinced that together – the board of directors and the company’s employees – we will achieve a significant improvement in performance.” Stephan Sielaff, Chairman of the Board of Lenzing AG: “The performance program is set up correctly, has an impact and still needs full attention. At the same time, we must also make full use of the cautious signs of market recovery. With this expansion of the board, I can focus 100 percent on the core business. I am therefore looking forward to working with Dr. Bickel.” Photo download: (1) https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=WpcwH3KDjltp
PIN: WpcwH3KDjltp Your contacts for public relations: Investor Relations: Dominic Köfner Sébastien Knus Vice President Corporate Communications & Vice President Capital Markets Public Affairs Lenzing Aktiengesellschaft Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Werkstraße 2, 4860 Lenzing, Austria Austria Telephone +43 7672 701 2743 Telephone +43 7672 701 3599 Email (2)media@lenzing.com E-Mail (4)s.knus@lenzing.com
Web (3) www.lenzing.com Web (5) www.lenzing.com
About the Lenzing Group The Lenzing Group stands for ecologically responsible production of special fibers based on cellulose and recycled materials. With its innovative product and technology solutions, Lenzing is a partner of global textile and nonwovens manufacturers and a driver of numerous new developments. The Lenzing Group’s high-quality fibers are the starting material for a variety of textile applications – from functional, comfortable and fashionable clothing to long-lasting and sustainable home textiles. Due to their special properties and their botanical origin, the TÜV-certified biodegradable and compostable Lenzing fibers are also ideal for demanding use in everyday hygiene applications. The Lenzing Group’s business model goes far beyond that of a classic fiber manufacturer. Together with its customers and partners, it develops innovative products along the value chain that create added value for consumers. The Lenzing Group strives for efficient use and processing of all raw materials and offers solutions for transforming the textile industry from the current linear economic system to a circular economy. In order to reduce the rate of global warming and thereby support the goals of the Paris Agreement and the EU Commission’s Green Deal, Lenzing has a clear, science-based climate action plan that calls for a significant reduction in greenhouse gas emissions by 2030 and net zero -Target (Scope 1, 2 and 3) by 2050. Data and facts Lenzing Group 2023 Sales: EUR 2.52 billion Nominal capacity (fibers): 1,110,000 tons Employees (full-time equivalents): 7,917 TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are brands of Lenzing AG. ═════════════════════════════════════════ ═════════ ════════════════════════ 04/12/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: Lenzing AG 4860 Lenzing Austria Telephone: +43 7672-701-0 Fax: +43 7672-96301 Email: office@lenzing.com
Internet: www.lenzing.com
ISIN: AT0000644505 Indices: ATX Stock exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1879793 End of message EQS News Service 1879793 04/12/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=270f46cf0e43b66916cb0eb8fead7f94&application_id=1879793&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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