Lenzing AG’s Supervisory Board will see key changes following the company’s Annual General Meeting on April 17, 2025. Current Chairman Cord Prinzhorn will step down at the end of his mandate to focus on new and existing engagements within B&C Group.

Patrick Lackenbucher, Managing Director of B&C Group, has been nominated as a new board member and is designated to serve as interim Chairman. With over 15 years of experience supporting Lenzing’s strategic and financial initiatives, Lackenbucher aims to strengthen the company’s global market leadership in sustainable cellulosic fibers.

Prinzhorn reflected on his tenure, highlighting achievements such as strategic investments in Brazil, Thailand, and China, cost reductions, and debt management. He expressed gratitude to the Supervisory Board, Managing Board, and employees for their contributions to these initiatives.

Lackenbucher emphasized the commitment of Lenzing’s core shareholders, B&C and Suzano, to enhancing the company’s competitiveness. He stressed the importance of profitability in navigating global market challenges and sustaining investments in innovation.

Lenzing CEO Rohit Aggarwal acknowledged Prinzhorn’s leadership, crediting him for revenue and cost initiatives that have bolstered financial performance. He also welcomed Lackenbucher’s extensive experience and strategic vision.

Additionally, Leonardo Grimaldi, Executive Vice President at Suzano S/A, has been nominated to join the Supervisory Board, replacing Marcelo Bacci. Grimaldi, an expert in the global pulp market, holds board positions at Portocel and Veracel Celulose S/A.

Prinzhorn will remain Chairman until the conclusion of the AGM, after which the Supervisory Board is expected to elect Lackenbucher as his successor.