Lenzing AG Appoints Milena Ioveva to Newly Created Leadership Role Combining Communications, Sustainability and Investor Relations

Lenzing AG has appointed Milena Ioveva as Vice President Corporate Communications, Sustainability, Investor Relations and Public Affairs, a newly created position that reports directly to CEO Rohit Aggarwal. The appointment reflects Lenzing's commitment to strengthening its global market positioning, enhancing capital markets engagement, and advancing sustainability initiatives within the regenerated cellulose fiber sector.

Ioveva brings over 20 years of experience in driving business transformation, capital markets engagement, communications, and sustainability strategies. Her extensive background in creating value for diverse stakeholders positions her to lead Lenzing's integrated approach to corporate communications and sustainability reporting. CEO Rohit Aggarwal stated that effective communication with stakeholders is paramount as Lenzing continues to evolve its international business operations.

The newly created role combines traditionally separate functions into a unified leadership position, signaling Lenzing's strategic emphasis on integrating sustainability messaging with investor relations and public affairs. This approach aligns with the company's science-based climate action plan, which targets significant greenhouse gas emission reductions by 2030 and net-zero emissions by 2050, in accordance with the Paris Agreement goals.

Ioveva previously served as Company Spokesperson at PORR AG, where she led Group Communications, Strategy, Investor Relations, and Sustainability functions. She holds a Master's degree in Business Administration from Vienna University of Economics and Business. In her statement, Ioveva expressed motivation to work for a company at the forefront of responsible fiber innovations and to broaden Lenzing's impact in the evolving global landscape.

The appointment comes as Lenzing, with 2024 revenue of EUR 2.66 billion and nominal fiber capacity of 1,110,000 tonnes, positions itself as an innovation leader in specialty and premium fibers based on regenerated cellulose. The company's business model extends beyond traditional fiber production, focusing on developing innovative products along the value chain and supporting the textile industry's transition from linear to circular economic systems. Lenzing's trademark fibers including TENCEL™, LENZING™ ECOVERO™, VEOCEL™, and REFIBRA™ are used in various textile applications from functional clothing to sustainable home textiles and hygiene products.