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LNZ - Lenzing AG News Story

€45 -0.4  -0.8%

Last Trade - 22/09/20

Sector
Basic Materials
Size
Mid Cap
Market Cap £1.11bn
Enterprise Value £1.90bn
Revenue £1.68bn
Position in Universe 340th / 1041

Lenzing's Weninger to step down at end of 2014

Thu 25th September, 2014 5:36pm
FRANKFURT, Sept 25 (Reuters) - Friedrich Weninger will step 
down as chief operating offer of Austrian viscose maker Lenzing 
 LENV.VI  at the end of 2014 after more than 25 years with the 
company, Lenzing said. 
    Weninger, whose contract runs out at the end of the year, is 
in charge of Lenzing's global production facilities with more 
than 6,000 employees. 
    Lenzing, the world's biggest maker of cellulose fibres, has 
been going through a painful restructuring amid falling viscose 
prices that have caused its profits to tumble.  ID:nL5N0QR0VU   
    Weninger's duties will be taken over by the other executive 
board members: Chief Executive Peter Untersperger, Chief 
Commercial Officer Robert van de Kerkhof and Chief Financial 
Officer Thomas Riegler, Lenzing said on Thursday. 
    
 
 (Reporting by Georgina Prodhan; editing by David Clarke) 
 ((georgina.prodhan@thomsonreuters.com; +49 69 7565 1279; 
Reuters Messaging: 
georgina.prodhan.thomsonreuters.com@reuters.net)) 
 
Keywords: LENZING MOVES/COO
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