The supervisory board of Austrian cellulose fibre producer Lenzing AG has extended the mandate of management board member Christian Skilich by a further three years, until May 2029. Skilich, who has been on the management board since June 2020 as chief pulp and chief technology officer, oversees pulp and wood raw materials, safety and environment, procurement, and innovation.
In addition, Mathias Breuer, currently senior vice president responsible for the company’s performance programme, will assume the role of chief financial officer from 2026. Breuer, who joined Lenzing AG’s management in 2023, played a key role in the development and implementation of the company-wide performance programme. He previously served as CFO of packaging group Adapa and the Sempermed division of Semperit AG Holding.
Patrick Lackenbucher, chairman of Lenzing AG’s supervisory board, said that Breuer’s appointment demonstrated the quality of the company’s management team and would ensure continuity. He emphasised that the internal appointment would maintain focus on ongoing performance measures aimed at strengthening Lenzing AG’s profitability and competitiveness in the global market.
Breuer will succeed current CFO Nico Reiner, who has chosen not to extend his mandate, which expires at the end of 2025. Under Reiner’s leadership, the company achieved significant earnings improvements and successfully completed major refinancing projects.
Lackenbucher added that Reiner had made a substantial contribution to the company’s financial stability and future security, noting that his prudence and expertise had been instrumental in improving earnings and optimising Lenzing AG’s financial structure amid a challenging economic environment.
