In a significant move, the 80th Annual General Meeting of Lenzing AG, held on Thursday, April 18, 2024, saw the discharge of members from both the Managing and Supervisory Boards for the 2023 financial year. Additionally, the remuneration for Supervisory Board members for the 2024 financial year was established pre-emptively. KPMG Austria GmbH Wirtschaftsprufungs- u. Steuerberatungsgesellschaft secured the role of auditor for both the annual and consolidated financial statements for the fiscal year 2024.
Election results were also announced, marking transitions within the Supervisory Board. Markus Furst stepped down from his position at his own behest, having served since 2021. Cornelius Baur was elected as a new member, while Melody Harris-Jensbach’s tenure was extended until the 2028 General Meeting. The Supervisory Board now comprises ten members, with Cord Prinzhorn, MBA, elected as Chairman and Stefan Fida as Deputy Chairman in the subsequent constitutive meeting.
These developments reflect strategic shifts within Lenzing AG’s leadership structure, with an emphasis on continuity and fresh perspectives. The inclusion of new members and the extension of mandates signal a commitment to diverse expertise and sustained governance. Such changes could potentially influence the company's direction and decision-making processes in the coming years.
