The supervisory board of Lenzing AG, the world’s leading producer of wood-based cellulosic fibres, has come to a mutual agreement with its longstanding CEO Stefan Doboczky to end his contract effective September 30, 2021. Cord Prinzhorn, member of the supervisory board of Lenzing AG has been appointed interim CEO and will be available until a successor is found.
The supervisory board of Lenzing, the world's leading producer of wood-based cellulosic fibres, has come to mutual agreement with its longstanding CEO Stefan Doboczky to end his contract effective September 30, 2021. Cord Prinzhorn, member of the supervisory board of Lenzing AG has been appointed interim CEO and will be available until a successor is found.#
“Doboczky has informed the supervisory board that he will not be available for another extension of his contract. With great regret the supervisory board of Lenzing AG accepts his resignation and the parties mutually agreed to end the contract,” according to the Austrian firm.
The supervisory board of Lenzing, the world's leading producer of wood-based cellulosic fibres, has come to mutual agreement with its longstanding CEO Stefan Doboczky to end his contract effective September 30, 2021. Cord Prinzhorn, member of the supervisory board of Lenzing AG has been appointed interim CEO and will be available until a successor is found.#
Lenzing AG further said that it remains on track with its guidance for the full year 2021 as announced with the half-year results. The supervisory board will also immediately start the search process for new CEO.
Fibre2Fashion News Desk (JL)
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