Managing Board changes and strategy review

Significant changes to the Lenzing Managing Board were also approved in the year under review. As of April 1, 2022, Stephan Sielaff succeeded Cord Prinzhorn as CEO, who had taken over as interim CEO in the fourth quarter of 2021. At the same time, the Managing Board was reduced to four people. Nico Reiner was appointed as the new Chief Financial Officer as of January 1, 2023, succeeding Thomas Obendrauf. Meanwhile, the Managing Board mandate of Chief Pulp Officer Christian Skilich was extended early by a further three years until May 31, 2026.

In addition, a comprehensive review of the corporate strategy was conducted. As a consequence, Lenzing will continue to pursue its profitable growth path following the successful implementation of the two key projects in Thailand and Brazil, sharpen its focus on sustainable and high-quality premium fibers for textiles and nonwovens, and further advance the transition from a linear to a circular economy model.