The Supervisory Board of ANDRITZ Group unanimously approved a five-year extension of the contract for President and CEO Dr. Joachim Schonbeck, extending his mandate from April 2027 to April 2032. This decision underscores the board's confidence in Schonbeck's leadership during a period of strategic transformation for the international technology group. Dr. Schonbeck, who joined the ANDRITZ Executive Board in 2014 and was appointed President and CEO in 2022, has overseen the strengthening of the company's strategic positioning and portfolio expansion in key growth markets.
Under Schonbeck's leadership, ANDRITZ has focused on driving innovation and growth across all business areas, with particular emphasis on decarbonization, digitalization, and customer service. The company's commitment to sustainable solutions enabling the green transition, advanced digitalization for industrial performance, and comprehensive services that maximize plant value over their life cycle has been central to its growth strategy. 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, noting that the extension provides continuity and stability for ANDRITZ, its customers, employees, and shareholders.
Dr. Schonbeck expressed gratitude for the Supervisory Board's trust, stating it is an honor to continue working with the team for the benefit of ANDRITZ and its stakeholders. The ANDRITZ GROUP, founded in 1852 and headquartered in Austria, provides advanced plants, equipment, services, and digital solutions for industries including pulp and paper, metals, hydropower, and environmental sectors. As a publicly listed group with approximately 30,000 employees at 280 locations in over 80 countries, ANDRITZ positions itself as a global leader in technology and innovation committed to progress benefiting customers, partners, employees, society, and the environment. Additional information about the company is available at https://www.andritz.com, and the press release regarding the contract extension can be found at https://www.andritz.com/news.
