Weninger, who has been working for the company for more than 25 years and recently managed the company’s production facilities with its more than 6,000 employees, decided for personal reasons that he would not seek a contract extension as a Member of the Management Board. However, he will continue to serve as a consultant for the Lenzing Group in the coming years.

Extraordinary achievements

“On behalf of the entire company, we would like to thank Friedrich Weninger for his decades of committed work and his extraordinary achievements as an employee and as a Management Board member of the company“, said Michael Junghans, Chairman of the Supervisory Board of Lenzing AG.

“Recently, the company profited from his experience and expertise as Chief Operating Officer, especially with respect to the successful restructuring of the Group as well as the planning and successful startup of the new Tencel plant in Lenzing. We are pleased that Friedrich Weninger will continue to support the company in an advisory capacity.”

Starting at the beginning of the year 2015, the tasks previously assigned to Weninger will be carried out by the remaining Management Board members Peter Untersperger (CEO), Robert van de Kerkhof (CCO) and Thomas Riegler (CFO).

Lenzing Group

The Lenzing Group is a market leader with headquarters in Austria, production sites in all major markets as well as a large network of sales and marketing offices.

The group supplies the global textile and nonwovens industry with high-quality man-made cellulose fibres. The portfolio ranges from dissolving pulp, standard and specialty cellulose fibres to engineering services.

Lenzing quality and innovative strength set global standards for man-made cellulose fibres. With 75 years of experience in fibre production, the Lenzing Group manufactures all three man-made cellulose fibre generations on a large industrial scale under one roof.

www.lenzing.com