Rohit Aggarwal named new member of board for Lenzing Group and designated CEO

Lenzing – The Supervisory Board of Lenzing Group, a leading supplier
of regenerated cellulose fibers for the textile and nonwovens
industries, has appointed Rohit Aggarwal as a new member of the
Management Board of Lenzing Group. He will assume responsibility for
the fiber division during the third quarter. After the departure of
Stephan Sielaff, Aggarwal will take over the position of CEO of
Lenzing Group.

Rohit Aggarwal is a strategic business economist and global leader in
the industry with several decades of experience in leading positions
in the textile and chemical industry. He has a sound understanding of
the strategic development of international markets and the
establishment of efficient management teams through global management
positions in Europe, the USA and Asia. Thanks to his experience in
the global textile and fiber market, he is well versed with Lenzing’s
core business in all its facets, both in terms of content and
geography.

Stephan Sielaff, CEO of Lenzing Group, will leave the company at the
latest when his contract expires at the end of March 2025 and devote
himself to new tasks.

Cord Prinzhorn, Chairman of the Supervisory Board at Lenzing Group:
“First and foremost, I would like to thank Stephan Sielaff, who
steered the company through an extraordinarily challenging phase,
marked by multiple crises, with a steady and tireless hand. With
Rohit Aggarwal, we have gained an international leader with profound
knowledge of the textile markets, from raw materials to the
processing of environmentally friendly fibers. On behalf of the
entire Supervisory Board, I am pleased that we have successfully
appointed Rohit Aggarwal as a member of the Managing Board for the
fiber division, and subsequently as Chief Executive Officer of the
Lenzing Group.”

Stephan Sielaff: “The last, very eventful years have been
characterized by incredible energy and change at Lenzing. These
massive efforts and the resulting developments are just beginning to
pay back. I am convinced that they have laid the foundation for an
outstanding future for Lenzing. It fills me with pride and gratitude
to have played my part in a fantastic company with great employees.”

“I am very much looking forward to the new role and the opportunity
to strengthen Lenzing as a leading player in the sustainable fiber
industry in the coming years. Building on the strong foundation
already in place, it is my privilege to be working alongside the team
at Lenzing to further expand the business and grow its iconic brands
to their full potential,” says Rohit Aggarwal, Member of the
Management Board and designated CEO of the Lenzing Group.(DPA)