ANDRITZ extends contract of CEO Joachim Schönbeck until 2032

GRAZ (News release) -- The Supervisory Board of ANDRITZ Group today unanimously approved an extension of the contract of President and CEO, Dr. Joachim Schönbeck. His current mandate, originally running until April 2027, has been extended by five years, to April 2032.

Dr. Schönbeck joined the ANDRITZ Executive Board in 2014 and was appointed President and CEO of ANDRITZ in 2022. Under his leadership, the international technology group has further strengthened its strategic positioning, expanded its portfolio in key growth markets, and continued to drive forward innovation and growth across all business areas, with a particular emphasis on decarbonization, digitalization, and customer service.

"The Supervisory Board has full confidence in Joachim Schönbeck's leadership in combining sustainable growth with further improving profitability. The extension provides continuity and stability for ANDRITZ, its customers, employees, and shareholders," said Wolfgang Leitner, Chairman of the Supervisory Board.

Commenting on the contract extension, Dr. Schönbeck said: "I would like to thank the Supervisory Board for its trust and confidence. It is an honor to continue working with this excellent team for the benefit of ANDRITZ and its stakeholders."