Lenzing AG will have to move forward without Rohit Aggarwal, who only assumed the role of CEO in summer 2024 following Suzano’s entry as a shareholder at the Austrian fibre producer. Aggarwal has informed the Supervisory Board that he is stepping down from his position for personal reasons with effect from January 31. However, to ensure a seamless transition, he intends to support Lenzing as an adviser until the end of September 2026.
Rohit Aggarwal will step down as CEO at the end of January. – Lenzing
Following Aggarwal’s departure, Lenzing AG will initially be led by a three-member Management Board. As part of the company’s ongoing organisational development and to underpin its recently sharpened premiumisation strategy, Lenzing AG is establishing a new six-member Executive Committee.
The Executive Committee will comprise the three-member Lenzing AG Management Board and will be complemented by the company’s senior commercial managers Patricia Sargeant (Nonwovens), Yann Lepage (Textile Fibres), and Anton Putz (Pulp).
By introducing the new Executive Committee, Lenzing AG aims to strengthen its strategic focus on business opportunities in the premium fibre segment. The goal is to expand its position as a leading integrated premium provider of regenerated cellulose fibres.
The Supervisory Board has already initiated the process to appoint a successor to the CEO and will announce a new appointment in due course.
“Increasing structural profitability remains a key objective. The Management Board will continue to focus resolutely on strengthening the company’s competitive position, financial performance and sustainable value creation – with the aim of further consolidating Lenzing’s position as the global market leader in sustainable cellulose fibres,” said Supervisory Board chairman Patrick Lackenbucher.
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