High speed at the start

New Lenzing CEO sets sail against the wind

Rohit Aggarwal has been CEO of Lenzing since September 1.(Bild: Krone KREATIV/Lenzing AG/Neumayr, Daniel Scharinger)

China, Thailand, Italy - in his first month as Lenzing CEO, Rohit Aggarwal covered a lot of air miles. The new boss of the fiber giant based in Upper Austria noticed a lot of positive things. He is becoming a real encourager for the more than 7900 employees.

He met with customers at a trade fair in Shanghai, visited the company's sites in Thailand and China and also accepted an award in Milan for a sustainability project in which biodegradable nonwovens, which are used to protect glaciers, are then used to produce fashion: Rohit Aggarwal.

At a trade fair in Shanghai, the CEO met with customers, and he also travels a lot.(Bild: Lenzing AG/Zheng Mingyin)

Since September 1, he has been the new head of the fiber producer, succeeding Stephan Sielaff, who has already left the company. And Aggarwal is setting a fast pace, wanting to get the group, which has recently come under pressure, back on its feet. The first impression is good, Aggarwal confirms in a video message.

Many initiatives to increase efficiency
"Wise decisions have been made in terms of investments, sales have been strengthened and there are many initiatives to increase our efficiency," he sums up. He told the slightly more than 7900 employees that he is convinced that together they will lead the company into a successful future.

In the first half of 2024, Lenzing reported a loss after tax of EUR -65.4 million. "There are still a lot of headwinds. The markets remain very challenging," confirms the head of the fiber giant. "But headwinds can also be used for sailing."