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Lenzing AG appoints Thomas Obendrauf as new CFO
Dec '15
Lenzing AG, Austria-based company combining the manufacturing of all three generations of man-made cellulose fibres on an large industrial scale under one roof – from the classic viscose fibres to modal and lyocell (TENCEL) fibres, has announced that the nomination committee of the supervisory board has appointed Thomas Obendrauf as the company's CFO, for three years, effective March 1, 2016.

Thomas Obendrauf studied commercial science at the Vienna University of Economics and Business and at the Chicago University, where he acquired an MBA. He also qualified as a tax consultant in Austria and as a certified public accountant in the US.

Obendrauf, who is currently the CFO of car dealership Wiesenthal Autohandels AG, had previously worked for twelve years as CFO and in other management positions with circuit board manufacturer AT&S AG. On top of his outstanding financial know-how, he gained comprehensive expertise in innovation management in the US. As a proven expert on Asia, Thomas Obendrauf also brings to his new job many years of operative management experience in developing and optimising lasting business relations in the Far East, according to a press release.

Hanno Bästlein, chairman of the nomination committee of the supervisory board of Lenzing AG said, “With Thomas Obendrauf we managed to attract to Lenzing AG a recognised top manager. The whole Lenzing Group can benefit, for our future strategic focus, from his comprehensive expertise and his many years of international experience.”

Thomas Obendrauf said, “Lenzing AG has successfully completed a difficult restructuring process and will now be able to grow again with innovative products in the market. Due to the strong ties with Asia, the global fibre market is still highly dynamic. Getting the chance to work as CFO for such a respected, innovative company as Lenzing AG is therefore a highly responsible and challenging assignment.” (GK)

Fibre2Fashion News Desk – India

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