Lenzing appoints vice presidents for textiles and continuous fibers

Austrian company Lenzing, a specialist in wood pulp-based cellulose fibers, has announced the appointment of Kit Ping Au-Yeung as Executive Vice President, Textile Business. Her predecessor Florian Heubrandner has been appointed Executive Vice President, Fibers.

Kit Ping Au-Yeung comes to her new role with decades of industry experience. She has held commercial and operational leadership positions with Coats Group, both domestically and globally. She previously worked for Amann Group.

The new manager will now be responsible for the development and expansion strategy of Lenzing’s textile offering. This includes industrial brands such as Tencel and Ecovero.

“Kit Ping’s vision is fully aligned with Lenzing’s commitment to enable the production of fibers with a lower environmental impact,” says CEO Stephan Sielaff. “Kit Ping will play a key role in growing our core textile business as we see enormous growth opportunities in this sector. We are confident that the company will continue to be successful under his leadership.”

Lenzing’s shareholder base has changed significantly, with the Brazilian company Suzano acquiring a 15% stake. The Austrian group achieved sales of EUR 2.5 billion in fiscal year 2023, slightly less than in the previous year. EBITDA rose from EUR 241 million to EUR 303 million.