Mativ Holdings, Inc. has announced changes to its board of directors, appointing John K. Stipancich as an independent member, effective June 13, 2024. Stipancich, currently serving as Executive Vice President, General Counsel and Secretary of Roper Technologies, Inc., brings over 30 years of experience to the board.
Dr. Kimberly E. Ritrievi, Chair of Mativ’s Board of Directors, expressed enthusiasm about Stipancich's addition, highlighting his role in Roper’s impressive cash flow compounding and shareholder return story over the past eight years. Stipancich's previous experience includes leadership roles at Newell Brands Inc., Evenflo Company, and Borden.
In light of these changes, Director Jeffrey J. Keenan has decided to step down from the Board following eight years of dedicated service to Mativ Holdings, Inc. and its predecessor, Schweitzer-Mauduit International, Inc., effective June 12, 2024.
Mativ Holdings, Inc. is a global leader in specialty materials, headquartered in Alpharetta, Georgia, with operations on three continents and sales in nearly 100 countries. The company operates through two segments, Filtration & Advanced Materials and Sustainable & Adhesive Solutions, targeting premium applications across diversified and growing end-markets. Mativ’s broad portfolio of technologies combines polymers, fibers, and resins to optimize the performance of its customers’ products across multiple stages of the value chain. The market has reacted to these announcements by moving the company's shares 1.5% to a price of $17.18. For the full picture, make sure to review Mativ's 8-K report.
