The Lenzing Group, a key player in the regenerated cellulose fiber industry, is set for a leadership change. Rohit Aggarwal will take over as CEO on September 1, 2024, following the departure of Stephan Sielaff, who will step down at the end of August by mutual agreement with the Supervisory Board.

Aggarwal brings decades of experience in the textile and chemical industries, with a deep understanding of global markets and strategic development. His extensive experience in Europe, the USA, and Asia positions him well to lead Lenzing through its next phase of growth. Aggarwal is recognized for his expertise in the textile, non-woven, and fiber markets, aligning closely with Lenzing's core business.

Cord Prinzhorn, Chairman of Lenzing’s Supervisory Board, praised Sielaff for his contributions during a challenging period and expressed confidence in Aggarwal’s ability to steer the company forward. Sielaff reflected on his tenure, highlighting the significant improvements made under his leadership.

Aggarwal acknowledged the challenges ahead, emphasizing the importance of continued efforts to drive Lenzing's turnaround and maintain its position as a leader in sustainable textiles. He expressed gratitude for Sielaff’s smooth transition and looks forward to working closely with the Lenzing team to achieve future success.