EQS-News: 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.

 

 

Photo download:

[1] https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=HAdarqwcP2a5
PIN: HAdarqwcP2a5

 

 

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   [2]media@lenzing.com
Web      [3] 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™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ 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

1935769  28.06.2024 CET/CEST

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