As Lenzing AG announced today in the run-up to its Annual General Meeting on 17 April 2025 (link to Lenzing press release), new appointments are planned for the Supervisory Board. The Supervisory Board mandate of Cord Prinzhorn, Chairman of the Supervisory Board nominated by the B&C Group, will expire at the Annual General Meeting. In future, Cord Prinzhorn will engage himself increasingly to the further development of the investment portfolio and planned new investments for the B&C Group, and will continue to act as Chairman of the Supervisory Board of Semperit AG Holding.

Wolfgang Hofer, Chairman of the Supervisory Board of the B&C Group: ‘We would like to thank Cord Prinzhorn for his dedicated and outstanding chairmanship of the Supervisory Board of Lenzing AG over the last few years. In his role, he has made a significant contribution to the successful implementation of the strategic investment projects in Brazil and Thailand as well as the implementation of a consistent performance programme to strengthen profitability, crisis resilience and improve the competitiveness of Lenzing AG. We are pleased that he will support us in the future in the planned further development of the B&C Group and with the expansion of our investment portfolio.’

About the B&C Group

The B&C Private Foundation (www.bcprivatstiftung.at) is an independent foundation. Since its inception in December 2000, its goal has been to foster Austrian entrepreneurship and strengthen Austria’s position as a business hub. B&C acts as a stable core shareholder in Austrian industrial companies through its holding companies, the B&C Group (www.bcgruppe.at). B&C is core shareholder of Lenzing AG with a stake of 37.25 percent and holds majority stakes in Semperit AG Holding (54.2 percent) and AMAG Austria Metall AG (52.7 percent). In addition, B&C holds a minority interest of 10 per cent in Steyr Motors AG.  Through B&C Innovation Investments, B&C Group has been investing in tech-driven growth companies since 2016 with an investment volume of more than EUR 100 million.. It currently holds stakes in Awake Mobility, Citrine, Contextflow, Frequentis, Kinexon, Klarx, Neoom, ParityQC, TriLite und TTTech. The B&C Private Foundation promotes Austria as a centre of business and enterprise through numerous projects and initiatives that contribute to strengthening Austria as a business location. These include the Houskapreis (www.houskapreis.at), the eXplore! initiative (www.explore.university) and the MEGA Education Foundation (www.megabildung.at).