PRESS RELEASE : Changes in the ANDRITZ AG Executive Board

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation 
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. 
  The issuer is responsible for the content of this announcement. 
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Management Changes 
29.07.2021 
 
Graz - July 29, 2021. At the end of the Annual General Meeting deciding on the 
discharge for the 2021 business year (scheduled for April 12, 2022), Wolfgang 
Leitner will end his functions on the ANDRITZ AG Executive Board - after 34 
years of successful work there, thereof 27 years as President and CEO. 
Consistent with the regulations of the Austrian Stock Corporation Act (exception 
to the cooling-off rule), it is planned to propose Wolfgang Leitner for election 
to the Supervisory Board of ANDRITZ AG at the upcoming ordinary Annual General 
Meeting 2022. 
 
The nominations committee for the ANDRITZ AG Supervisory Board has decided to 
propose the following changes in the ANDRITZ AG Executive Board, which are to be 
presented to the members of the Supervisory Board for resolution at the regular 
meeting of the Supervisory Board on August 26, 2021. 
 
* As from April 2022, the new President and CEO of ANDRITZ AG will be Joachim 
  Schönbeck, who has been a member of the ANDRITZ AG Executive Board since 
  October 2014. During this period, Joachim Schönbeck made a substantial 
  contribution towards the very successful development of the Pulp & Paper 
  Capital Systems and the Metals Processing segments for which he has been 
  responsible. Joachim Schönbeck will also continue to be responsible for the 
  Pulp & Paper Capital Systems segment in his new function. 
 
* Domenico Iacovelli, who has held various management positions in the ANDRITZ 
  GROUP since 2011 and has been chairman of the Schuler AG Executive Board since 
  April 2018, will be appointed as a new member of the Executive Board of 
  ANDRITZ AG as from April 2022. Domenico Iacovelli successfully adjusted the 
  Schuler Group to the very challenging market conditions over the past few 
  years and thus laid the foundation for positive development of the company. In 
  addition to his tasks on the Executive Board of ANDRITZ AG for the entire 
  Metals business area, Domenico Iacovelli will continue in his function as 
  chairman of the Schuler AG Executive Board. 
 
* The other members of the ANDRITZ AG Executive Board shall remain unchanged. 
 
 
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ANDRITZ GROUP 
International technology group ANDRITZ offers a broad portfolio of innovative 
plants, equipment, systems and services for the pulp and paper industry, the 
hydropower sector, the metals processing and forming industry, pumps, solid/ 
liquid separation in the municipal and industrial sectors, as well as animal 
feed and biomass pelleting. Plants for power generation, flue gas cleaning, 
recycling, and the production of nonwovens and panelboard complete the global 
product and service offering. Innovative products and services in the industrial 
digitalization sector are offered under the brand name Metris and help customers 
to make their plants more user-friendly, efficient and profitable. The publicly 
listed group has around 26,950 employees and more than 280 locations in over 40 
countries. 
 
 
 
 
 
 
Further inquiry note: 
Dr. Michael Buchbauer 
Head of Group Finance, Corporate Communications & Investor Relations 
Tel.: [phone] 
Fax: [phone] 
mailto:[e-mail] 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

July 29, 2021 12:47 ET (16:47 GMT)