The Austrian fiber producer Lenzing AG has to plan without CEO Rohit Aggarwal. On Tuesday, the company announced that the CEO will resign from his position on January 31, 2026. He made the decision “for personal reasons,” according to a statement.
Aggarwal took over the top management of the company at the beginning of September last year as the successor to Stephan Sielaff. After his announced resignation, he will continue to “accompany the group as a consultant until the end of September 2026” in order to “ensure a seamless transition,” explained Lenzing.
Supervisory board chairman Patrick Lackenbucher paid tribute to the outgoing CEO: “On behalf of the supervisory board, I would like to thank Rohit Aggarwal for his commitment and the important progress the company has made under his leadership,” he said in a statement. “Under his leadership, the performance program was successfully implemented, the strategic focus was sharpened and profitability improved.”
According to the company, the three-member board of directors, which consists of Chief Financial Officer (CFO) Nico Reiner, Chief Pulp and Chief Technology Officer Christian Skilich and Chief Operating Officer (COO) Georg Kasperkovitz, will initially run the group together until a new CEO is found. The search for suitable candidates has already begun.
The group is creating a new management body
At the same time, Lenzing announced the creation of a new management body. In addition to the three board members, the “Executive Committee” (ExCo) will also include the senior commercial managers Patricia Sargeant (nonwoven fibers), Yann Lepage (textile fibers) and Anton Putz (pulp).
This measure is “part of the company’s further organizational development and to ensure the recently sharpened premiumization strategy,” the group said. “By introducing the new Executive Committee, Lenzing AG is strengthening its strategic focus on business opportunities in the premium fiber sector with the aim of expanding its position as a leading integrated premium supplier of regenerated cellulose fibers.”
Supervisory Board Chairman Lackenbucher reiterated the group’s priorities: “Increasing structural profitability remains a main goal,” he emphasized. “The Board of Directors will continue to focus resolutely on strengthening the company’s competitive position, financial performance and sustainable value creation.”
Management stuck to its forecast for the current financial year. Earnings before interest, taxes, depreciation and amortization (EBITDA) are still expected to be “above the previous year” for 2025.