Lenzing Strengthens Managing Board With Georg Kasperkovitz As Chief Operations Officer

LENZING, Austria — May 26, 2025 — 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. Georg Kasperkovitz (58) 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). Georg 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.”

Georg Kasperkovitz, designated Chief Operations Officer of Lenzing AG: “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.”