Lenzing AG

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
"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.
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Further inquiry note:
Lenzing AG
Mag. Waltraud Kaserer
Vice President Corporate Communications & Investor Relations
Tel.: +43 (0) 7672 701-2713

end of announcement                               euro adhoc 

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

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