The Supervisory Board of Lenzing AG has appointed Georg Kasperkovitz as a member of the Managing Board and chief operations officer (COO) of Lenzing AG with effect from June 1, 2025. Kasperkovitz brings more than 15 years of experience in various management functions in Europe, North America and Asia – Lenzing’s most important production regions and markets. During his career, Kasperkovitz has held positions including Business Unit CEO at the international packaging and paper company Mondi plc (2016-2019), CEO of Rail Cargo Austria AG (2012-2016) and at the international consulting firm McKinsey (1999-2012, most recently as a partner). Kasperkovitz is a qualified mechanical engineer (Dr. techn., TU Vienna) and holds an MBA from Harvard Business School.

At Lenzing, as COO in the now four-member Managing Board, he will manage the company-wide fiber production sites and drive forward the ongoing performance program and, thus, operational cost excellence and the transformation of the entire company. He will also take over the management and further development of the site in Lenzing (Upper Austria).

Patrick Lackenbucher, chairman of the Supervisory Board of Lenzing AG, comments: “Lenzing AG has been able to report a continuous increase in earnings in recent quarters – despite the difficult market environment. The current macroeconomic challenges, persistently high energy costs and intensified global competition continue to require full focus on the implementation and further development of the current performance program. Profitability is crucial for Lenzing in order to survive in global competition in the long term and to be able to continue investing in new products and markets. With Georg Kasperkovitz, we are therefore strengthening our Managing Board with sound operational transformation expertise – and relevant experience in the nonwovens market.”

Kasperkovitz comments: “I am looking forward to contributing my experience to the company as COO of Lenzing AG. Operational excellence and increasing the profitability of the fiber sites will be the focus of my work. Together in the Managing Board, with the management and with all employees, the aim is to work efficiently in a difficult market environment and to further strengthen the competitiveness of Lenzing AG.”

Rohit Aggarwal, CEO of Lenzing AG, says: “Our ongoing performance program has already shown positive results recently. Despite a difficult market environment, we were able to significantly improve our results in the first quarter of 2025. In the environment of current geopolitical changes and an increasingly aggressive customs policy, it is important to further strengthen the agility, resilience and cost position of our group with the aim of long-term value creation in order to expand Lenzing’s position as the global market leader in sustainable cellulose fibers. Georg Kasperkovits will support the team driving forward the all-important operational excellence of our fiber sites. It is precisely in these areas that he will contribute and utilise his extensive expertise.”