on Lenzing AG (isin : AT0000644505)
Lenzing AG Implements New Remuneration Policy and Board Changes
Lenzing AG's 81st Annual General Meeting, held on April 17, 2025, resulted in important resolutions. A new remuneration policy was approved, linking executive pay more closely to share price performance and ESG criteria. This move aligns management incentives with shareholder interests and sustainability.
Patrick Lackenbucher and Leonardo Grimaldi were elected to the Supervisory Board, replacing Cord Prinzhorn and Marcelo Feriozzi Bacci. Stefan Fida’s mandate was extended. The Supervisory Board remains at ten members, with Patrick Lackenbucher elected as Chairman.
KPMG Austria has been appointed as the auditor for financial and sustainability statements for 2025. Lenzing emphasizes innovation and seeks to shift the textile industry towards sustainability and circular economy models.
R. H.
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