EANS-News: Lenzing AG / Thomas Obendrauf Starts Work as New CFO of Lenzing AG

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Board of Directors (Appointments and Changes)

Please note, there was a mistake in the press release in the first sentence:
Thomas Obendrauf MBA started work as the new Chief Financial Officer (CFO) of Lenzing AG on March 1, 2016 and not as Chief Executive Officer. -----------
Thomas Obendrauf MBA started work as the new Chief Financial Officer (CFO) of Lenzing AG on March 1, 2016. Accordingly, he completes the three-member Management Board of the world's leader fiber producer, which also includes CEO Stefan Doboczky and CCO Robert van de Kerkhof.

Born in Styria, Austria, Thomas Obendrauf studied commercial science at the Vienna University of Economics and Business Administration and at Chicago University, where he acquired an MBA. He also qualified as a tax consultant in Austria and as a Certified Public Accountant in the U.S.

Thomas Obendrauf previously served as CFO of the car dealership Wiesenthal Autohandels AG, and also worked for twelve years as CFO and in other management positions with circuit board manufacturer AT&S AG. On top of his outstanding financial know-how, he gained comprehensive expertise in innovation management in the U.S. As a proven expert on Asia, Thomas Obendrauf also brings to his new job many years of operational management experience in developing and optimizing sustainable business relationships in the Far East.

"We are pleased to have a recognized financial expert on the Management Board team," says Lenzing CEO Stefan Doboczky. "In addition, the Lenzing Group can benefit greatly from his extensive expertise on Asia."

Commenting on his appointment to the Management Board of Lenzing AG, Thomas Obendrauf stated, "I have been able to obtain a good overview of Lenzing AG over the past few months. I am very excited about serving in this highly responsible position as CFO of an innovative company like Lenzing AG."

Photo Download: https://mediadb.lenzing.com/pindownload/login.do?pin=FCJ0H PIN: FCJ0H

end of announcement euro adhoc

company: Lenzing AG

A-A-4860 Lenzing phone: +43 7672-701-0 FAX: +43 7672-96301 mail: office@lenzing.com WWW: http://www.lenzing.com sector: Chemicals ISIN: AT0000644505 indexes: WBI, ATX, Prime Market

stockmarkets: free trade: Berlin, official market: Wien language: English

Digital press kit: http://www.ots.at/pressemappe/1597/aom

Rückfragen & Kontakt:

Lenzing AG
Mag. Waltraud Kaserer
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
w.kaserer@lenzing.com

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE0002