EQS-News

Lenzing strengthens Managing Board with Chief Transformation Officer - Seite 2

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 Managing Board is the right step to overcome the current crisis and the major challenges associated with it. In Walter Bickel we have gained a great and experienced manager and I am very much looking forward to working with him. Together with the strong team around Stephan Sielaff, Walter Bickel will help Lenzing come out of this difficult phase stronger.”

Statement Walter Bickel: “I am pleased to be able to contribute my experience to Lenzing AG and am convinced that together – the Managing Board and the company’s employees – we will achieve a significant improvement in performance.”

Stephan Sielaff, CEO of Lenzing AG: “The performance program is set up in a right way, shows effect and continues to need full attention. At the same time, we must also make full use of the cautious signs of market recovery. With this expansion of the Managing Board, I can fully focus on the core business. I am therefore looking forward to working with Dr. Bickel.”

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Your contact for Public Relations:   Dominic Köfner Vice President Corporate Communications & Public Affairs Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria   Phone   [phone] E-mail   [e-mail] Web      www.lenzing.com

Investor Relations:   Sébastien Knus Vice President Capital Markets Lenzing Aktiengesellschaft Werkstraße 2, 4860 Lenzing, Austria   Phone     [phone] E-mail     [e-mail] Web        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.