Lenzing appoints Georg Kasperkovitz COO, member of managing board

The supervisory board of Lenzing AG has appointed Georg Kasperkovitz as a member of the managing board and chief operating officer (COO) of Lenzing AG. Kasperkovitz brings more than 15 years of experience in various management functions in Europe, North America and Asia. During his career, Kasperkovitz has held positions including Business Unit CEO at the international packaging and paper company Mondi plc, CEO of Rail Cargo Austria AG and the international consulting firm McKinsey. Kasperkoviz has a doctorate in mechanical engineering and an MBA from Harvard Business School.

As COO in the now four-member managing board, he will manage the company-wide fiber production sites and the ongoing performance program. He will also take over the management and further development of the site in Lenzing, Austria.

“Lenzing AG has been able to report a continuous increase in earnings in recent quarters — despite the difficult market environment. The current macroeconomic challenges, persistently high energy costs and intensified global competition continue to require full focus on the implementation and further development of the current performance program,” says Patrick Lackenbucher, chairman of the supervisory board of Lenzing AG. “With Georg Kasperkovitz, we are therefore strengthening our managing board with sound operational transformation expertise — and relevant experience in the nonwovens market.”

“I am looking forward to contributing my experience to the company as COO of Lenzing AG. Operational excellence and increasing the profitability of the fiber sites will be the focus of my work. Together in the managing board, with the management and with all employees, the aim is to work efficiently in a difficult market environment and to further strengthen the competitiveness of Lenzing AG,” says Kasperkovitz.