Lenzing AG Appoints Thomas Riegler to the Position of Chief Financial Officer

Lenzing, (PresseBox) - The Supervisory Board of Lenzing AG appointed Thomas Riegler (44) to serve as the company's new Chief Financial Officer for a period of three years effective June 1, 2014.

Born in Graz, Thomas Riegler studied business administration and has accumulated more than 20 years of professional experience in the field of financial management. He worked for Roland Berger Strategy Consultants and held top international management positions in the Daimler Group. For example, he contributed his expertise to the restructuring of Chrysler, and served as CFO of Mercedes-Benz Belgium Luxembourg N.V. Subsequently he spent three years as the CFO of the publicly listed company Centrotherm Photovoltaics AG, and most recently as CFO and Commercial Director of Spheros Holding GmbH.

Thomas Riegler has excellent contacts to international banks and financial institutions, and boasts capital market expertise along with experience with companies undergoing a phase of transformation, operational and strategic reorientation or restructuring.

As a consequence, the Management Board of Lenzing AG will consist of four members as of June 1, 2014: Peter Untersperger (Chairman of the Management Board, CEO), Friedrich Weninger (Member of the Management Board, COO), Robert van de Kerkhof (Member of the Management Board, CCO) and Thomas Riegler (Member of the Management Board, CFO).

Lenzing AG

The Lenzing Group is a world market leader with headquarters in Austria, production sites in all major markets as well as a worldwide network of sales and marketing offices. Lenzing supplies the global textile and nonwovens industry with high-quality man-made cellulose fibers. The portfolio ranges from dissolving pulp, standard and specialty cellulose fibers to engineering services.

Lenzing quality and innovative strength set global standards for man-made cellulose fibers. With 75 years of experience in fiber production, the Lenzing Group is the only company worldwide combining the manufacturing of all three man-made cellulose fiber generations on a large industrial scale under one roof - from the classic viscose to modal and lyocell (TENCEL®) fibers. The success of the Lenzing Group results from a unique combination of consistent customer orientation together with its leadership in innovation, technology and quality. Lenzing is committed to the principle of sustainable management and very high environmental standards.

Lenzing's core business fibers is complemented by our activities in the business field engineering.

Key Figures Lenzing Group 2013:
Sales: EUR 1.91 bn
Export share: 90,8%
Fiber sales volumes: 890,000 tons
Staff: 6,675

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