Mr Obendrauf, who is currently the CFO of car dealership Wiesenthal Autohandels AG, had previously worked for twelve years as CFO and in other management positions with circuit board manufacturer AT&S AG.
About his planned move to the Management Board of Lenzing AG, Thomas Obendrauf said: “Lenzing AG has successfully completed a difficult restructuring process and will now be able to grow again with innovative products in the market. Due to the strong ties with Asia, the global fibre market is still highly dynamic. Getting the chance to work as CFO for such a respected, innovative company as Lenzing AG is therefore a highly responsible and challenging assignment.”
The current CFO of Lenzing AG, Thomas Riegler, informed the Supervisory Board that he will terminate his contract ahead of schedule by the end of 2015, with the restructuring process, to which he significantly contributed as a finance and restructuring expert, successfully completed.
From 1 March 2016, the Management Board of Lenzing AG, will therefore consist of: Stefan Doboczky (CEO), Robert van de Kerkhof (CCO), and Thomas Obendrauf (CFO).
Lenzing AG is a company based in Lenzing, Austria, whose main business is textile and nonwovens cellulose fibers (such as modal and lyocell).