EQS-News: Lenzing AG: Nico Reiner appointed new Chief Financial Officer of Lenzing AG

EQS-News: Lenzing AG / Key word(s): Personnel
   Lenzing AG: Nico Reiner appointed new Chief Financial Officer of Lenzing
   AG

   02.11.2022 / 09:24 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Nico Reiner appointed new Chief Financial Officer of Lenzing AG

    

     • Nico Reiner to succeed Thomas Obendrauf on January 1, 2023

    

   Lenzing – The Supervisory Board of Lenzing AG, a world-leading provider of
   sustainably produced specialty fibers for the textile and nonwoven
   industries, has appointed Nico Reiner as its new Chief Financial Officer.
   Mr. Reiner will join Lenzing’s Managing Board led by Chief Executive
   Officer Stephan Sielaff on January 1, 2023. He will succeed Chief
   Financial Officer Thomas Obendrauf, who is leaving the company of his own
   volition after seven years.

    

   Nico Reiner has held several positions in his professional career to date,
   including CFO at globally operating companies such as Schüco Group, AL-KO
   Group and Pfleiderer Group, as well as management consultant roles. His
   most recent appointment was as CFO of Vacuumschmelze GmbH & Co. KG, a
   global player with headquarters in Hanau that specializes in the
   development, production and marketing of magnetic materials. Born in
   Grünwald near Munich, Mr. Reiner graduated from the University of
   Regensburg with a degree in business administration and has a doctorate
   from HHL Leipzig Graduate School of Management.

    

   “We are delighted to welcome Nico Reiner to the Managing Board of Lenzing
   as he is a proven financial expert with substantial international
   experience. After successfully implementing the latest capacity
   extensions, the Lenzing Group will accelerate its profitable path to
   growth and has set ambitious financial targets for 2027. Nico Reiner will
   play a vital role in this process and in implementing our corporate
   strategy,” comments Cord Prinzhorn, Chairman of the Supervisory Board at
   Lenzing AG.

    

   Chief Financial Officer Thomas Obendrauf notified the Supervisory Board in
   March that he would not be extending his contract when it came to an end
   in June 2022 as after seven years at Lenzing, he is leaving to pursue a
   career change. Until Mr. Reiner joins the company, Stephan Sielaff will
   continue to assume the role of CFO on an interim basis, with Mr. Obendrauf
   supporting the company in an advisory capacity.

    

   “Thomas Obendrauf has performed the role of CFO in an exemplary and
   prudent manner since 2016. He has successfully implemented the company’s
   strategy together with his colleagues in the Managing Board. He was also
   responsible for the construction of the new lyocell plant in Thailand
   during his tenure on the Managing Board. We would like to thank him for
   his consistently trustworthy and professional approach in working with us
   and we wish him all the best for the future,” comments Mr. Prinzhorn.

    

    

   Photo download:

   [1]https://mediadb.lenzing.com/pinaccess/showpin.do?pinCode=d2ATICKZyUXe
   PIN: d2ATICKZyUXe

    

   Your contact for                            
   Public Relations:                           
                                               
   Dominic Köfner                             Daniel Winkelmeier
   Vice President Corporate Communications  & Communications Manager
   Public Affairs                             Lenzing Aktiengesellschaft
   Lenzing Aktiengesellschaft                 Werkstraße 2, 4860 Lenzing,
   Werkstraße 2, 4860 Lenzing, Austria        Austria
                                               
   Phone   +43 7672 701 2743                  Phone    +43 7672 701 2871
   E-mail    [2][email protected]             E-mail     [4][email protected]
   Web       [3]www.lenzing.com               Web        [5]www.lenzing.com
                                               

    

   About the Lenzing Group
    
   The Lenzing  Group  stands  for  ecologically  responsible  production  of
   specialty fibers  made  from  the  renewable  raw  material  wood.  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 elegant clothing to versatile denims and
   high-performance sports clothing.  Due to their  consistent high  quality,
   their biodegradability and compostability  Lenzing fibers are also  highly
   suitable for hygiene products and agricultural applications.
    
   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 redirect the textile sector  towards a closed-loop economy. In  order
   to reduce the speed of global warming and to accomplish the targets of the
   Paris Climate Agreement and the “Green Deal” of the EU Commission, Lenzing
   has a clear vision: namely to make a zero-carbon future come true.
    
   Key Facts & Figures Lenzing Group 2021
   Revenue: EUR 2.19 bn
   Nominal capacity: 1,145,000 tonnes
   Number of employees (headcount): 7,958
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

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   02.11.2022 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:      [email protected]
   Internet:    www.lenzing.com
   ISIN:        AT0000644505
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1476949


    
   End of News EQS News Service


   1476949  02.11.2022 CET/CEST

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