The Supervisory Board of ANDRITZ Group has unanimously approved a five-year extension of President and CEO Dr. Joachim Schonbeck's contract, securing his leadership until April 2032. This decision, announced on March 4, 2026, extends his current mandate that was originally set to expire in April 2027. The extension provides significant continuity for the international technology group as it navigates key strategic priorities including decarbonization, digitalization, and customer service enhancement.
Dr. Schonbeck joined the ANDRITZ Executive Board in 2014 and was appointed President and CEO in 2022. Under his leadership, the company has strengthened its strategic positioning and expanded its portfolio in key growth markets while driving innovation across all business areas. The Supervisory Board expressed full confidence in Schonbeck's ability to combine sustainable growth with improved profitability, citing the extension as beneficial for ANDRITZ's customers, employees, and shareholders.
Wolfgang Leitner, Chairman of the Supervisory Board, emphasized that the contract extension provides continuity and stability for ANDRITZ during a period of significant industry transformation. The company, which employs approximately 30,000 people across 280 locations in over 80 countries, focuses on providing advanced plants, equipment, services, and digital solutions for industries including pulp and paper, metals, hydropower, and environmental sectors.
In response to the extension, Dr. Schonbeck thanked the Supervisory Board for their trust and confidence, stating it was an honor to continue working with what he described as an excellent team for the benefit of ANDRITZ and its stakeholders. The company's growth strategy centers on sustainable solutions that enable the green transition, advanced digitalization for industrial performance, and comprehensive services that maximize customer plant value throughout their life cycles.
ANDRITZ, founded in 1852 and headquartered in Austria, positions itself as a global leader in technology and innovation committed to progress that benefits customers, partners, employees, society, and the environment. The press release and accompanying image were made available for download at andritz.com/news, with the original release viewable on www.newmediawire.com. This leadership continuity announcement comes as the company emphasizes its commitment to what it terms "growth that matters" through technological advancement and sustainable business practices.
