adv-07

lenzingLenzing tried to consider operational command of Cleanliness Austria based mostly on the contractual agreement  with Palmers. As we have not acquired total accessibility to important files and trusted documentation, Lenzing is not in a posture to physical exercise operational administration in the fascination of Cleanliness Austria’s consumers and to carry out the supposed forensic function for resolving the issues comprehensively and in the required high quality.

The files demanded for this goal are for the most component found in Palmers’ premises, to which Lenzing has been supplied neither obtain nor permission to enter. In spite of the most intensive use of assets on the portion of Lenzing, the urgently expected quick clarification with trusted outcomes was just as unattainable as the true work out of management. Lenzing hence considers the liable authorities to be dependable for dealing with the recent allegations. Lenzing will help this process to the best of its means.

With instant result, the nomination of Stephan Sielaff as taking care of director of Hygiene Austria will be withdrawn and Stephan Trubrich will be eliminated as managing director. A trustee to be appointed as before long as possible will be entrusted with the administration of Lenzing’s shares in Cleanliness Austria.

In the foreseeable future, Stephan Sielaff will be the sole member of the Running Board of Lenzing AG liable for all agendas relating to the investment in Hygiene Austria. Sielaff will coordinate all conclusions with the Supervisory Board.

The Cleanliness Austria project was co-founded by Lenzing with the deep conviction that Austrian high quality could make an vital contribution to safeguarding the inhabitants in the biggest pandemic of the past hundred many years. The assure “Made in Austria” was certainly not certain in the course of. Complete and unsparing clarification is hence indispensable.