Stefan Doboczky to step down as CEO of Lenzing

CEO Stefan Doboczky is set to leave Austrian textiles group Lenzing AG, after leading the company for many years. Doboczky has informed Lenzing that he does not intend to renew his contract with the group in 2022.

“Developing and consistently implementing the Lenzing strategy has been the cornerstone of my work in recent years. After extensive consideration, I have decided that this is the right time for a personal change,” said Doboczky.

His contract will expire at the end of Q3 2021. Cord Prinzhorn has been named CEO ad interim. He has been a member of Lenzing's board since May 2021, and will remain in place until a new CEO will be appointed.

“My sincere thanks go to Stefan Doboczky for his exceptional achievements at Lenzing AG (...) [a group] that has transformed into a global specialist fibre leader and (...) a recognized sustainability champion. Stefan Doboczky has played a driving role in helping Lenzing AG reach this leading position,” said Peter Edelmann, the group’s board chairman.

Lenzing AG, which is already looking for a successor to Doboczky, has confirmed its guidance for 2021, which was published with the latest H1 results.
“Thanks to [Doboczky’s] leadership, Lenzing AG finds itself today on a stable and profitable growth track with a clear commitment to become climate-neutral by 2050. And all of that in spite of the challenging environment of the COVID-19 pandemic,” said Edelmann.

Stefan Doboczky to step down as CEO of Lenzing

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