Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christoph Stenzel was appointed as Group President, Filtration and Advanced Materials at Mativ Holdings, Inc..
- Action
- appointed
- Role
- Group President, Filtration and Advanced Materials
Exact text from the filing
Christoph Stenzel has been appointed as Group President, Filtration and Advanced Materials.
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Downard was appointed as Chief Supply Chain Officer at Mativ Holdings, Inc..
- Action
- appointed
- Role
- Chief Supply Chain Officer
Exact text from the filing
Andrew Downard has been appointed as Chief Supply Chain Officer.
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Ryan Elwart was appointed as Group President, Sustainable and Adhesive Solutions at Mativ Holdings, Inc..
- Action
- appointed
- Role
- Group President, Sustainable and Adhesive Solutions
Exact text from the filing
Ryan Elwart has been appointed as Group President, Sustainable and Adhesive Solutions.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
Mativ Holdings, Inc. announced a restructuring with charges of $15 million to $20 million affecting organizational realignment (reduce its workforce, indexed toward senior levels of the organization).
- Type
- restructuring
- Charge
- $15 million to $20 million
- Affected area
- organizational realignment
- Headcount
- reduce its workforce, indexed toward senior levels of the organization
Exact text from the filing
The Company estimates that it will incur approximately $15 million to $20 million in restructuring and restructuring-related charges in 2024 in connection with the Plan, consisting primarily of employee severance payments and other termination benefits, which are expected to be incurred predominantly in the first half of 2024.
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