EQS-News: Lenzing AG: Resolutions of the 79th Annual General Meeting of Lenzing AG

EQS-News: Lenzing AG / Key word(s): AGM/EGM
   Lenzing AG: Resolutions of the 79th Annual General Meeting of Lenzing AG

   19.04.2023 / 16:42 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Resolutions of the 79^th Annual General Meeting of Lenzing AG

    

     • Nicole van der Elst Desai and Gerhard Schwartz newly elected to the
       Supervisory Board
     • Cord Prinzhorn re-elected as Chairman of the Supervisory Board

    

   Lenzing – On Wednesday, April 19, 2023, the 79^th Annual General Meeting
   of Lenzing AG discharged the members of the Managing Board and the
   Supervisory Board from liability with regard to the business year 2022 and
   determined the compensation paid to members of the Supervisory Board for
   the business year 2023 in advance. In addition to financial performance
   criteria, the remuneration policy of Lenzing AG for the
   performance-related compensation of the Managing Board is linked to
   non-financial sustainability criteria (ESG) to further promote the
   company’s sustainable business strategy.

   KPMG Austria GmbH Wirtschaftsprüfungs- u. Steuerberatungsgesellschaft was
   appointed to serve as the auditor of the annual financial statements and
   the consolidated financial statements for the business year 2023.
    

   Elections to the Supervisory Board

   Patrick Prügger retired from the Supervisory Board with effect from the
   end of the General Meeting due to the expiry of his term of office. After
   12 years on Lenzing’s Supervisory Board, Patrick Prügger decided not to
   stand for another term of office. Patrick Prügger had been a Member of the
   Supervisory Board since 2011 and served on various committees of Lenzing
   AG. Lenzing AG would like to thank him for his trustworthy and
   constructive cooperation.

    

   The General Meeting elected two new members to the Supervisory Board of
   Lenzing AG. Nicole van der Elst Desai, founder and owner of VDE
   Consultancy, was elected to serve until the end of the General Meeting
   resolving upon the discharge of the members of the Supervisory Board with
   regard to the business year 2026, and Gerhard Schwartz, managing partner
   at EY until 2022, was elected until the end of the General Meeting
   resolving upon the discharge of the members of the Supervisory Board with
   regard to the business year 2027. In addition, the mandates of the
   following members were extended: Helmut Bernkopf (until the Annual General
   Meeting resolving upon the discharge of the members of the Supervisory
   Board with regard to the business year 2025), Christian Bruch (until the
   Annual General Meeting resolving upon the discharge of the members of the
   Supervisory Board with regard to the business year 2026) and Franz
   Gasselsberger (until the Annual General Meeting resolving upon the
   discharge of the members of the Supervisory Board with regard to the
   business year 2027).

    

   The Supervisory Board of Lenzing AG now consists of ten members elected by
   the General Meeting: Helmut Bernkopf, Christian Bruch, Stefan Fida, Markus
   Fürst, Franz Gasselsberger, Melody Harris-Jensbach, Cord Prinzhorn,
   Gerhard Schwartz, Astrid Skala-Kuhmann and Nicole van der Elst Desai.
   Herbert Brauneis, Daniela Födinger, Helmut Kirchmair, Georg Liftinger and
   Johann Schernberger were appointed to the Supervisory Board by the Works
   Council.

    

   In the constituent meeting of the Supervisory Board following the General
   Meeting, Cord Prinzhorn was re-elected as Chairman and Stefan Fida was
   re-elected as Deputy Chairman of the Supervisory Board.

    

    

    

   Your contact for                           
   Public Relations:                         Investor Relations:
                                              
   Dominic Köfner                            Sébastien Knus
   Vice President Corporate Communications & Vice President Capital Markets
   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 3599
   E-mail    [1][email protected]            E-mail     [3][email protected]
   Web       [2]www.lenzing.com              Web        [4]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 2022
   Revenue: EUR 2.57 bn
   Nominal capacity: 1,145,000 tonnes
   Number of employees (headcount): 8,301
    
   TENCEL™, VEOCEL™, LENZING™,  REFIBRA™, ECOVERO™,  LENZING MODAL™,  LENZING
   VISCOSE™, MICROMODAL™ and PROMODAL™ are trademarks of Lenzing AG.

    

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   19.04.2023 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: 1611877


    
   End of News EQS News Service


   1611877  19.04.2023 CET/CEST

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