Matthews International Corporation (NASDAQ GSM: MATW) has disclosed the retirement plans of its Chief Financial Officer (CFO) and Treasurer, Steven F. Nicola, effective December 31, 2025. Nicola has been with the company since 1992 and has served as CFO since 2003. During his tenure, he has played a pivotal role in shaping the company's financial strategy, governance, and growth.
The Board of Directors has appointed Daniel E. Stopar to succeed Nicola as the new CFO and Treasurer, effective December 1, 2025. Stopar, who has been with Matthews since 2013, has extensive experience in financial, accounting, and reporting matters. He has held various executive financial roles within the company, most recently serving as Senior Vice President, Operations Controller, and Head of Global Business Services. Prior to joining Matthews, Stopar held financial leadership roles at Royal Philips Electronics and Respironics, Inc.
Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. The Industrial Technologies segment, which originated from the company's original marking business, focuses on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. On the other hand, the Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation, and incineration equipment, primarily serving cemetery and funeral home customers.
As of now, Matthews International has over 5,400 employees in 19 countries on four continents who are committed to delivering the highest quality products and services. Today the company's shares have moved 0.17% to a price of $23.79. For more information, read the company's full 8-K submission here.
