In a strategic move aimed at bolstering its performance amidst economic challenges, Lenzing AG has appointed Walter Bickel as a member of the Managing Board and Chief Transformation Officer, effective from April 15, 2024, until December 31, 2025.
Bickel's extensive leadership background in management consulting and industrial companies positions him as a valuable asset to Lenzing. With a proven track record in implementing yield increase programs at companies like Kuka, Treofan, and Syntegon, he is expected to further advance Lenzing's existing performance program.
Chairman of the Supervisory Board, Cord Prinzhorn, emphasized the importance of expanding the Managing Board to navigate the current crisis effectively. He expressed confidence in Bickel's ability to strengthen Lenzing's position and drive sustainable growth.
Bickel, in his statement, conveyed his enthusiasm to contribute to Lenzing's performance improvement, highlighting collaboration with the existing leadership team and employees.
CEO Stephan Sielaff welcomed Bickel's appointment, stating it would allow him to concentrate fully on core business operations while ensuring the continued success of the performance program.
The move underscores Lenzing's commitment to enhancing its performance and competitiveness amid evolving market conditions.
