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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
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Contract ends by mutual agreement. Supervisory Board Chairman Edelmann thanks 
CEO for exceptional achievements. 
 
Personnel/Company Information 
 
Lenzing - The Supervisory Board of Lenzing AG, the world's leading producer of 
wood-based cellulosic fibers, has come to a mutual agreement with its 
longstanding Chief Executive Officer Stefan Doboczky to end his contract. 
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 effective September 30, 2021. 
 
"My sincere thanks go to Stefan Doboczky for his exceptional achievements at 
Lenzing. The design and implementation of the transformation of Lenzing AG into 
a global specialty fiber leader and the positioning of the company as a 
recognized sustainability champion have been major accomplishments of Stefan 
Doboczky over the last years", said Chairman of the Supervisory Board, Peter 
Edelmann. 
 
"Thanks to his leadership, Lenzing AG finds itself today on a stable and 
profitable growth track with a clear commitment to become climate-neutral by 
2050. And all of that in spite of the challenging environment of the COVID-19 
pandemic", said Edelmann. 
 
Stefan Doboczky: "Developing and consistently implementing the Lenzing strategy 
has been the cornerstone of my work in recent years. After extensive 
consideration, I have decided that this is the right time for a personal change. 
The strategy is in place, the company is well on track - now is the ideal moment 
to pass on the baton. And one thing is certain: Lenzing will always have a very 
special place in my heart." 
 
Lenzing AG remains on track with its guidance for the full year 2021 as 
announced with the half-year results. Cord Prinzhorn has been appointed interim 
CEO. Prinzhorn is Member of the Supervisory Board of Lenzing AG and will be 
available until a successor is found. The Supervisory Board will immediately 
start the search process. 
 
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Further inquiry note: 
Dominic Köfner 
Vice President Corporate Communications & Public Affairs 
Lenzing AG 
Phone: +43 7672 701 2743 
E-mail: media@lenzing.com 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

September 07, 2021 12:03 ET (16:03 GMT)