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from Lenzing AG (isin : AT0000644505)

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
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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   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
 
TENCEL™, LENZING™ ECOVERO™, VEOCEL™, LENZING™ and REFIBRA™ are trademarks of Lenzing AG.

 



28.06.2024 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com


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 NewsEQS News Service

1935769  28.06.2024 CET/CEST

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