Lenzing AG Appoints Milena Ioveva to Newly Created Executive Role Combining Communications, Sustainability and Investor Relations
Lenzing AG strengthens its leadership team with the appointment of Milena Ioveva as Vice President overseeing integrated corporate communications, sustainability initiatives, investor relations and public affairs, signaling enhanced focus on stakeholder engagement and global market positioning.
Lenzing AG has appointed Milena Ioveva as Vice President Corporate Communications, Sustainability, Investor Relations and Public Affairs, a newly created executive position that underscores the company's strategic focus on integrated stakeholder engagement and sustainability leadership. The Austrian-based global leader in regenerated cellulose fibers announced the appointment, with Ioveva reporting directly to CEO Rohit Aggarwal.
The newly established role reflects Lenzing's commitment to strengthening its global market positioning, enhancing capital markets engagement, and advancing sustainability initiatives. Ioveva brings over 20 years of experience in driving business transformation, capital markets strategy, communications, and sustainability programs aimed at improving total value for diverse stakeholders.
CEO Rohit Aggarwal emphasized the strategic importance of the appointment, stating that effective communication with all stakeholders will be paramount as Lenzing continues to evolve its international business operations. Ioveva's proven track record in driving value during business transitions, combined with her extensive expertise in capital markets and strategic positioning, is expected to be instrumental in realizing the company's ambitious vision.
Ioveva expressed enthusiasm for joining a company at the forefront of responsible fiber innovations, viewing the opportunity as a chance to broaden Lenzing's impact in a rapidly evolving global landscape. She highlighted her commitment to contributing to the company's value creation journey and working with the talented team to pioneer solutions that deliver greater value, efficiency and sustainability.
Prior to joining Lenzing, Ioveva 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.
The appointment comes as Lenzing continues to expand its business model beyond traditional fiber production, developing innovative products along the value chain and driving solutions for the textile industry's transition from a linear to circular economy. The company maintains a science-based climate action plan aligned with the Paris Agreement, targeting significant greenhouse gas emissions reduction by 2030 and net-zero emissions by 2050.
Lenzing Group, which reported EUR 2.66 billion in revenue for 2024 with a nominal fiber capacity of 1,110,000 tonnes and 7,816 employees, produces TENCEL™, LENZING™ ECOVERO™, VEOCEL™, and REFIBRA™ trademarked fibers for textile and nonwoven applications. The company's commitment to responsible production and innovation in regenerated cellulose fibers positions it as a key player in the sustainable materials sector.