EANS-News: Lenzing AG / Thomas Obendrauf Starts Work as New CFO of Lenzing AG

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Board of Directors (Appointments and Changes)

Please note, there was a mistake in the press release in the first
sentence: Thomas Obendrauf MBA started work as the new Chief
Financial Officer (CFO) of Lenzing AG on March 1, 2016 and not as
Chief Executive Officer. ----------- Thomas Obendrauf MBA started
work as the new Chief Financial Officer (CFO) of Lenzing AG on March
1, 2016. Accordingly, he completes the three-member Management Board
of the world's leader fiber producer, which also includes CEO Stefan
Doboczky and CCO Robert van de Kerkhof.

Born in Styria, Austria, Thomas Obendrauf studied commercial science
at the Vienna University of Economics and Business Administration and
at Chicago University, where he acquired an MBA. He also qualified as
a tax consultant in Austria and as a Certified Public Accountant in
the U.S.

Thomas Obendrauf previously served as CFO of the car dealership
Wiesenthal Autohandels AG, and also worked for twelve years as CFO
and in other management positions with circuit board manufacturer
AT&S AG. On top of his outstanding financial know-how, he gained
comprehensive expertise in innovation management in the U.S. As a
proven expert on Asia, Thomas Obendrauf also brings to his new job
many years of operational management experience in developing and
optimizing sustainable business relationships in the Far East.

"We are pleased to have a recognized financial expert on the
Management Board team," says Lenzing CEO Stefan Doboczky. "In
addition, the Lenzing Group can benefit greatly from his extensive
expertise on Asia."

Commenting on his appointment to the Management Board of Lenzing AG,
Thomas Obendrauf stated, "I have been able to obtain a good overview
of Lenzing AG over the past few months. I am very excited about
serving in this highly responsible position as CFO of an innovative
company like Lenzing AG."

Photo Download:
https://mediadb.lenzing.com/pindownload/login.do?pin=FCJ0H
PIN: FCJ0H

Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:w.kaserer@lenzing.com

end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: office@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English