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23rd March 2015, Vienna

Stefan Doboczky succeeds Peter Untersperger as Lenzing CEO

Stefan Doboczky. © Lenzing The Supervisory Board of Lenzing AG has appointed Stefan Doboczky as the new Chairman of the Management Board (CEO) of Lenzing AG.

Mr Doboczky will start in his role on 1 June 2015, taking over from Peter Untersperger, who will step down from his function as CEO at his own request prematurely.

“With his international industrial expertise, his close to ten years of management experience in Asia and his strong technical background, Stefan Doboczky will strengthen the Management Board team and is ideally suited to lead the Lenzing Group towards further growth,” commented Hanno Bästlein, Chairman of the Nomination Committee of the Supervisory Board of Lenzing AG.

International management experience

Mr Doboczky has a broad international management experience and extensive expertise in Asia. Since 1998 he has worked in various management positions for the Dutch Life Science & Material Science group Royal DSM in Europe and Asia.

In his current role as Member of the Managing Board he has been responsible for the successful strategic repositioning of the global pharmaceutical businesses, for Corporate Operations & Responsible Care, as well as for the corporation’s growth agenda in the Asian markets. Mr Doboczky holds a PhD in chemistry from the TU Wien and a MBA from Swiss Business School IMD.

“As an Austrian corporation of international calibre Lenzing AG stands for innovation and quality in the field of high quality, man-made cellulose fibres. It will be a highly responsible and challenging task for me to make use of the company’s outstanding potential to further expand its technological leadership,” said Mr Doboczky.

Extraordinary achievements

The outgoing Chairman of the Management Board, Peter Untersperger, has informed the Supervisory Board that hat he will not be available for an extension of his contract, which expires on 31 March 2016. He will step down from his function as CEO per 31 May 2015 instead. Mr Untersperger has worked for the Lenzing Group for 30 years, as CFO since 1999 and as CEO since 2009.

“With the outstanding expertise and the broad experience of Peter Untersperger as CEO the Lenzing Group managed to successfully restructure the company despite the challenging international market, and to realize the state-of-the-art Tencel production plant in Lenzing,” said Hanno Bästlein.

“On behalf of the whole corporation we thank Peter Untersperger for his exceptional performance and extraordinary achievements in the last 30 years. He has shaped the development of the group decisively in his 15 years as Executive. We wish him all the best for the future, both professionally and personally.”

www.lenzing.com

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