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EQS-News: Lenzing AG / Key word(s): Personnel
Rohit Aggarwal new member of Management Board of Lenzing Group and designated CEO
2024-06-28 / 10:13 CET/CEST
The issuer is solely responsible for the content of this announcement.
Rohit Aggarwal new member of Management Board of Lenzing Group and designated CEO
Lenzing - The Supervisory Board of Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile
and nonwovens industries, has appointed Rohit Aggarwal as a new member of the Management Board of Lenzing Group. He
will assume responsibility for the fiber division during the third quarter. After the departure of Stephan Sielaff,
Aggarwal will take over the position of CEO of Lenzing Group.
Rohit Aggarwal is a strategic business economist and global leader in the industry with several decades of experience
in leading positions in the textile and chemical industry. He 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 experience in the global textile and fiber market, he is well versed with
Lenzing's core business in all its facets, both in terms of content and geography.
Stephan Sielaff, CEO of Lenzing Group, will leave the company at the latest when his contract expires at the end of
March 2025 and devote himself to new tasks.
Cord Prinzhorn, Chairman of the Supervisory Board at Lenzing Group: "First and foremost, I would like to thank Stephan
Sielaff, who steered the company through an extraordinarily challenging phase, marked by multiple crises, with a steady
and tireless hand. With Rohit Aggarwal, we have gained an international leader with profound knowledge of the textile
markets, from raw materials to the processing of environmentally friendly fibers. On behalf of the entire Supervisory
Board, I am pleased that we have successfully appointed Rohit Aggarwal as a member of the Managing Board for the fiber
division, and subsequently as Chief Executive Officer of the Lenzing Group."
Stephan Sielaff: "The last, very eventful years have been characterized by incredible energy and change at Lenzing.
These massive efforts and the resulting developments are just beginning to pay back. I am convinced that they have laid
the foundation for an outstanding future for Lenzing. It fills me with pride and gratitude to have played my part in a
fantastic company with great employees."
"I am very much looking forward to the new role and the opportunity to strengthen Lenzing as a leading player in the
sustainable fiber industry in the coming years. Building on the strong foundation already in place, it is my privilege
to be working alongside the team at Lenzing to further expand the business and grow its iconic brands to their full
potential," says Rohit Aggarwal, Member of the Management Board and designated CEO of the Lenzing Group.


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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   +43 7672 701 2743 
E-mail   media@lenzing.com 
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.

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

TENCELT, LENZINGT ECOVEROT, VEOCELT, LENZINGT and REFIBRAT are trademarks of Lenzing AG.
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2024-06-28 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:  1935769 

End of News EQS News Service
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1935769 2024-06-28 CET/CEST

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END) Dow Jones Newswires

June 28, 2024 04:14 ET (08:14 GMT)