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.
══════════════════════════════════════════════════════════════════════════
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]media@lenzing.com E-mail [4]media@lenzing.com
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.
══════════════════════════════════════════════════════════════════════════
02.11.2022 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: 1476949
End of News EQS News Service
1476949 02.11.2022 CET/CEST
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f56dd91f923883b8c6c3df1fc020dac0&application_id=1476949&site_id=apa_ots_austria&application_name=news
2. media@lenzing.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1476949&site_id=apa_ots_austria&application_name=news
4. media@lenzing.com
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5803f22d982f72dcc3d9f0027e178e6b&application_id=1476949&site_id=apa_ots_austria&application_name=news
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender