The Supervisory Board of Lenzing AG, the world’s leading manufacturer of wood-based cellulosic fibers, has appointed Stephan Sielaff, the former CTO/COO of Lenzing AG, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. Cord Prinzhorn will return to the Supervisory Board of Lenzing AG.

Stephan Sielaff holds a degree in chemical engineering and held various management positions at Unilever and Symrise from 1993 to 2014. Between 2014 and 2020, he was responsible for the strategic development of the company as a Member of the Board of Directors (COO) at the Swiss specialty chemicals company Archroma – an important supplier of the textile and paper industry. He was appointed Chief Technology Officer and COO of Lenzing AG as of March 01, 2020.

Peter Edelmann will also leave the Supervisory Board upon his own request, effective April 26, 2022. Cord Prinzhorn will return to the Supervisory Board and will take over as Chairman. Edelmann has served as a member of the Supervisory Board since 2018 and as Chairman since 2019, as well as sitting on all Lenzing AG committees. In these four years, he has accompanied the strategic transformation of the firm on its path to becoming a sustainable specialty fiber company, thereby securing the basis for profitable future growth. During this time, Lenzing has launched and successfully implemented the two largest CAPEX projects in its history, despite COVID-19.