The Supervisory Board of ANDRITZ Group has unanimously approved a five-year extension of the contract for President and CEO Dr. Joachim Schonbeck, securing his leadership of the international technology group until April 2032. Schonbeck's current mandate was originally set to conclude in April 2027. This decision underscores the board's confidence in his strategic direction for the company, which has emphasized strengthening market positioning and expanding portfolios in key growth areas under his tenure.
Wolfgang Leitner, Chairman of the Supervisory Board, stated that the board has full confidence in Schonbeck's ability to combine sustainable growth with improved profitability. The extension is seen as providing continuity and stability for ANDRITZ, its customers, employees, and shareholders. This long-term commitment comes at a time when the company is focusing on critical industry trends, including decarbonization and digitalization, which are central to its growth strategy.
Dr. Schonbeck, who joined the ANDRITZ Executive Board in 2014 and was appointed President and CEO in 2022, expressed gratitude for the trust placed in him by the Supervisory Board. He emphasized his honor in continuing to work with the team for the benefit of ANDRITZ and its stakeholders. The company's strategic initiatives under his leadership have included driving innovation across all business areas, with a particular emphasis on customer service and sustainable solutions.
ANDRITZ Group, headquartered in Austria and founded in 1852, is a publicly listed international technology provider with approximately 30,000 employees across 280 locations in over 80 countries. The company offers advanced plants, equipment, services, and digital solutions for industries such as pulp and paper, metals, hydropower, and environmental sectors. Its growth is driven by a commitment to sustainable solutions that support the green transition, advanced digitalization for industrial performance, and comprehensive services that maximize customer plant value over their life cycles.
The press release regarding this contract extension is available for download at andritz.com/news. ANDRITZ describes its mission as fostering progress that benefits customers, partners, employees, society, and the environment, encapsulated in its slogan "FOR GROWTH THAT MATTERS." The original release can also be viewed on www.newmediawire.com.
