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 of the international technology group until April 2032. The extension, from his current mandate ending in 2027, provides significant continuity for the company's strategic direction.
Dr. Schonbeck, who joined the ANDRITZ Executive Board in 2014 and was appointed President and CEO in 2022, has overseen the strengthening of the group's strategic positioning and portfolio expansion in key growth markets. Under his leadership, ANDRITZ has continued to drive innovation and growth across all business areas with particular emphasis on decarbonization, digitalization, and customer service initiatives.
"The Supervisory Board has full confidence in Joachim Schonbeck's leadership in combining sustainable growth with further improving profitability," said Wolfgang Leitner, Chairman of the Supervisory Board. "The extension provides continuity and stability for ANDRITZ, its customers, employees, and shareholders."
The contract extension signals the board's endorsement of Schonbeck's strategic vision for the technology group, which provides advanced plants, equipment, services, and digital solutions across multiple industries including pulp and paper, metals, hydropower, and environmental sectors. The company's growth strategy is increasingly focused 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 board's confidence, stating, "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."
For business and technology leaders, this leadership continuity at a major industrial technology provider suggests stability in the company's approach to key market trends. ANDRITZ's emphasis on decarbonization and digitalization aligns with broader industry shifts toward sustainable industrial solutions and Industry 4.0 technologies. The extended leadership timeline provides customers and partners with predictability regarding the company's strategic priorities and innovation roadmap.
The international technology group, founded in 1852 and headquartered in Austria, employs approximately 30,000 people across 280 locations in over 80 countries. As a publicly listed company, the extended CEO contract provides shareholders with leadership stability during a period of significant technological transformation across the industries ANDRITZ serves. The press release and image are available for download at andritz.com/news.
