Linz Textil Holding AG Announces Board Restructuring Effective 1 January 2026
Linz Textil Holding AG, a specialty textile manufacturer listed on the Vienna Stock Exchange, disclosed that its board of directors will be reduced to two members beginning 1 January 2026. The change follows the decision of board member Mag. Friedrich Schopf not to renew his contract, which is set to expire on 30 June 2026.
Key Personnel Changes
| Position | Current Holder | New Holder | Effective Date |
|---|---|---|---|
| Chairman of the Board | Mag. Friedrich Schopf | Mr. Kai Seesemann, MSc. | 1 January 2026 |
| Vice‑Chairman / Remaining Board Member | (unspecified) | (unspecified) | 1 January 2026 |
Mr. Kai Seesemann will assume all responsibilities and board functions previously held by Mr. Schopf, thereby consolidating leadership under a dual‑member board.
Rationale
According to the supervisory board chairman, DI Friedrich Weninger, Mr. Schopf’s eight‑year tenure was instrumental in steering the company from a commodity‑based model to a specialist‑product focus. He also contributed to establishing Linz Textil as an innovation platform for textile recycling. Mr. Weninger expressed gratitude for Mr. Schopf’s achievements and thanked him on behalf of the company.
Impact on Governance
The reduction aligns with the company’s ongoing efforts to streamline governance structures. No immediate changes to strategic direction or operational plans have been announced.
Company Overview
Linz Textil Holding AG specializes in producing viscose and unbleached cotton yarn, as well as other fabrics for the clothing industry. The company trades in EUR on the Vienna Stock Exchange, with a market capitalization of approximately €71.4 million. Its share price closed at €238 on 27 November 2025, within a 52‑week range of €200 to €296.
