EANS-News: Lenzing AG / Heiko Arnold Starts Work as New Chief Technology Officer of the Lenzing Group

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Company Information

Lenzing - Heiko Arnold commenced working as the new Chief Technology
Officer of the Lenzing Group on May 1, 2017. The Management Board of
the globally leading producer of botanic cellulose fibers led by
Chief Executive Officer Stefan Doboczky was expanded by a new
position for Technology and increased from three to four members in
view of the forthcoming expansion of production capacity; according
to the sCore TEN corporate strategy the Lenzing Group aims to
increase the share of specialty fibers as a percentage of revenue to
50 percent by 2020.

The Munich-born manager Heiko Arnold (50) studied chemistry at the
Darmstadt University of Technology. In addition to a strong
scientific and technical education, Heiko Arnold contributes his
longstanding experience in realizing large-scale investment projects
and ongoing operational improvements at BASF, especially in Asia.
Moreover, he has gained considerable experience in the field of
research and development.

The creation of a new Management Board position has enabled the
Lenzing Group to bundle all its technical competencies. The new
member in the company's top management body will be particularly
responsible for the disciplined implementation of the approved and
planned expansion steps, including the production facilities for
TENCEL® fibers in Mobile (USA), Grimsby (Great Britain),
Heiligenkreuz (Austria) and in Asia. These initiatives are essential
as a means of further driving organic growth.

"We are pleased to have Heiko Arnold on our Management Board team. He
is a proven expert with extensive technological know-how and
broad-based international experience, especially in the Asian
region", says Lenzing CEO Stefan Doboczky. "The creation of a new
Management Board position will help us to continue pursuing the
growth path we have set out upon and achieve our objectives within
the context of our corporate strategy sCore TEN", Doboczky adds.

"Over the past few months I have gained a very good insight into the
company. I am very much looking forward to carrying out the
responsible tasks I have assumed on behalf of an innovative company
such as the Lenzing Group", says Heiko Arnold, commenting on his move
to the Lenzing Management Board.

Photo download:
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Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713
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: official market: Wien
language: English

Original-Content von: Lenzing AG, übermittelt durch news aktuell