Rohit Aggarwal new member of Management Board of Lenzing Group and
designated CEO

EQS-News: Lenzing AG / Key word(s): Personnel
Rohit Aggarwal new member of Management Board of Lenzing Group and
designated CEO

28.06.2024 / 10:13 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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 (1)media@lenzing.com
                                       Web (2)www.lenzing.com

                                  1. mailto:media@lenzing.com
                                  2. https://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(TM), LENZING(TM) ECOVERO(TM), VEOCEL(TM), LENZING(TM) and REFIBRA(TM) are
                                                trademarks of Lenzing AG.

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28.06.2024 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:    1935769

End of News EQS News Service
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1935769 28.06.2024 CET/CEST