ANDRITZ Extends CEO Joachim Schonbeck's Contract Through 2032

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 provides significant continuity for the international technology group, which has strengthened its strategic positioning under Schonbeck's leadership since his appointment as CEO in 2022. The extension reflects the board's confidence in his ability to combine sustainable growth with improved profitability across all business areas.

Wolfgang Leitner, Chairman of the Supervisory Board, emphasized that the contract extension provides continuity and stability for ANDRITZ, its customers, employees, and shareholders. Schonbeck joined the ANDRITZ Executive Board in 2014 and has focused on expanding the company's portfolio in key growth markets while driving innovation with particular emphasis on decarbonization, digitalization, and customer service. 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.

Dr. Schonbeck expressed gratitude for the Supervisory Board's trust and confidence, stating it is an honor to continue working with his team for the benefit of ANDRITZ and its stakeholders. The international technology group provides advanced plants, equipment, services, and digital solutions for industries including pulp and paper, metals, hydropower, and environmental sectors. Founded in 1852 and headquartered in Austria, the publicly listed group employs approximately 30,000 people across 280 locations in over 80 countries.

The leadership continuity comes as ANDRITZ positions itself as a global leader in technology and innovation committed to fostering progress that benefits customers, partners, employees, society, and the environment. The company's strategic direction under Schonbeck's extended leadership will continue focusing on growth driven by sustainable solutions, with additional information available through their corporate communications. The press release and related image are available for download at https://andritz.com/news, while the original release can be viewed on https://www.newmediawire.com.