8-K: Mativ Appoints Scott Minder as New CFO

Mativ Holdings, Inc. announced the appointment of Scott Minder as its new Chief Financial Officer, effective January 1, 2026, succeeding Gregory Weitzel.

Summary

• Mativ Holdings, Inc. appointed Scott Minder as Chief Financial Officer, effective January 1, 2026.
• Mr. Minder brings over 30 years of financial leadership experience from global companies across industrial, manufacturing, and automotive sectors, including Hyster-Yale, ATI, PPG Industries, Penske Logistics, and General Motors.
• His previous roles include leading successful financial turnarounds, strengthening balance sheets through significant deleveraging, executing multiple credit rating upgrades, and transforming finance functions.
• Gregory Weitzel will depart as CFO on December 31, 2025, with his departure treated as an involuntary termination without cause, entitling him to severance benefits under the Executive Severance Plan.
• Mr. Minder's compensation package includes an annual base salary of $550,000, a short-term performance-based incentive bonus targeted at 70% of his annual base salary, and a long-term incentive award with a target grant date value of 175% of his annual base salary.
• He will also receive a cash sign-on award of $200,000, relocation assistance not exceeding $125,000, a monthly living stipend of $5,000 for an 18-month period, and an annual cash allowance of $15,000 through the Flexible Perquisites Program.

Sentiment

Score: 7

Explanation: The appointment of a highly experienced CFO with a strong track record in financial turnarounds and strengthening balance sheets is a positive strategic move. The company's explicit focus on accelerating profitable growth and enhancing commercial execution, coupled with the new CFO's background, suggests a proactive approach to financial health and strategic objectives. The departure of the previous CFO is handled as a standard succession, mitigating potential negative sentiment.

Positives

• The appointment of Scott Minder, an accomplished financial executive with over 30 years of experience, including a proven track record of reducing leverage, generating cash flow, and driving profitability.
• Mr. Minder's experience includes leading successful financial turnarounds and strengthening balance sheets, which aligns with Mativ's stated strategic priorities.
• Management expresses confidence that Mr. Minder's expertise will be invaluable in strengthening the balance sheet, driving enhanced commercial execution, and accelerating profitable growth.
• The company's ongoing turnaround efforts, which management notes have been accelerating over the last few quarters, are expected to gain further momentum under new financial leadership.

Risks

• Forward-looking statements regarding the company's strategic priorities, commercial execution, and delivery of profitable growth are prospective in nature and not guarantees or indicative of future performance.
• These forward-looking statements rely on assumptions concerning future events and are subject to risks, uncertainties, and other factors, many of which are outside the company's control and could cause actual results to materially differ from such statements.
• A more detailed discussion of these factors can be found under the captions 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' in the company's most recent annual report on Form 10-K for the year ended December 31, 2024, and any material updates in future SEC filings.

Future Outlook

The company anticipates leveraging Scott Minder's expertise to continue strengthening its balance sheet, driving enhanced commercial execution, and accelerating profitable growth. Management is confident in building on current turnaround efforts and increasing momentum into Mativ's next growth phase as the company continues to strengthen its balance sheet and deliver long-term shareholder value.

Management Comments

• "Scott is a seasoned public company CFO with a demonstrated record of strengthening financial performance, enhancing profitability and achieving strategic objectives." Shruti Singhal, President and CEO of Mativ.
• "We are thrilled to welcome Scott to Mativ and look forward to leveraging his expertise as we continue to strengthen our balance sheet, drive enhanced commercial execution and accelerate profitable growth." Shruti Singhal.
• "Scotts financial acumen and turnaround experience will make him an invaluable addition to our executive leadership team, and I am confident that under Scotts financial leadership, Mativ will continue to successfully execute our strategic priorities and deliver long-term value for our shareholders." Shruti Singhal.
• "I am excited to join Mativs dynamic leadership team at this pivotal time. The Companys turnaround efforts, accelerating over the last few quarters, are impressive." Scott Minder.
• "I am eager to build on the teams success, provide financial leadership and help to increase momentum into Mativs next growth phase as the Company continues to strengthen its balance sheet and deliver long-term shareholder value." Scott Minder.

Industry Context

The appointment of a new CFO with a strong background in financial turnarounds and deleveraging suggests Mativ is focused on optimizing its financial structure and operational efficiency, aligning with broader industry trends where companies are prioritizing balance sheet strength and profitable growth amidst economic uncertainties. This move could position Mativ to better navigate competitive landscapes in the specialty materials sector.

Management Changes

Stakeholder Impact

• Shareholders: Potential positive impact due to the appointment of a CFO with a strong track record in financial performance and value creation, aiming to strengthen the balance sheet and accelerate profitable growth.
• Employees: The change in CFO may lead to new financial strategies or operational efficiencies, potentially impacting various departments.
• Creditors: The new CFO's experience in deleveraging and credit rating upgrades could signal a stronger financial position, potentially improving creditworthiness.

Next Steps

• Scott Minder will officially assume the role of Chief Financial Officer on January 1, 2026.
• Gregory Weitzel will remain with the company through December 31, 2025, to ensure a smooth transition.
• Mativ will continue to execute its strategic priorities, strengthen its balance sheet, drive enhanced commercial execution, and accelerate profitable growth.

Key Dates

Recommendation

The appointment of Scott Minder as CFO, with his extensive experience in financial turnarounds and balance sheet strengthening, is a positive development for Mativ Holdings. This move signals a clear strategic focus on improving financial performance and driving profitable growth. However, without accompanying financial results or updated guidance, it's prudent to maintain a 'hold' position. Investors should monitor future earnings reports and strategic updates to assess the tangible impact of this leadership change on the company's financial trajectory and operational execution before making a stronger directional call.

Keywords

Mativ Holdings, CFO appointment, Scott Minder, Chief Financial Officer, Executive change, Corporate governance, Financial leadership, Executive compensation, MATV, Specialty materials