Mativ appoints Shruti Singhal as CEO, replacing Schertell; launches cost review

Mativ Holdings, Inc.

Shruti Singhal appointed President and CEO effective March 11, 2025, succeeding Julie Schertell who stepped down as CEO and director.
Singhal previously CEO of Galata Chemicals and Chroma Color; brings turnaround and operational execution expertise.
Company launched comprehensive cost structure review to enhance profitability; reduced non-operating costs by over $20M in 2024.
Singhal receives monthly cash stipend of $110,000 and equity award valued at $2,100,000 with one-year cliff vesting.
Schertell's departure treated as involuntary without cause; eligible for severance benefits under Executive Severance Plan.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

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Appointed

Shruti Singhal

President and Chief Executive Officer

MATV · Mativ Holdings, Inc.

Effective: 2025-03-11
Filed: March 11, 2025, 7:59 PM ET

On March 11, 2025, Mativ Holdings, Inc. (the "Company") appointed Shruti Singhal as its President and Chief Executive Officer, effective as of March 11, 2025

Departed

Julie Schertell

President and Chief Executive Officer

MATV · Mativ Holdings, Inc.

Effective: 2025-03-11
Successor: Shruti Singhal
Filed: March 11, 2025, 7:59 PM ET

Ms. Schertell departed the Company and stepped down from her role as a member of the Board of Directors of the Company on the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Shruti Singhal was appointed as President and Chief Executive Officer at Mativ Holdings, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On March 11, 2025, Mativ Holdings, Inc. (the "Company") appointed Shruti Singhal as its President and Chief Executive Officer, effective as of March 11, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Julie Schertell departed as President and Chief Executive Officer at Mativ Holdings, Inc..

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

Ms. Schertell departed the Company and stepped down from her role as a member of the Board of Directors of the Company on the Effective Date.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Mativ Holdings, Inc.: Eliminated temporary governance provisions from the bylaws that were set to expire after the next annual meeting (effective 2025-03-11).

Change: bylaw amendment
Effective: 2025-03-11

Exact text from the filing

On March 11, 2025, the Board of Directors of the Company approved an amendment and restatement of the Company’s bylaws (as amended and restated, the “Amended and Restated Bylaws”). The amendments eliminate the temporary governance provisions contemplated by the Agreement and Plan of Merger, dated March 28, 2022, which were otherwise set to expire immediately following the upcoming annual meeting of stockholders and are further described in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2022.

View on SEC.gov

101 governance changes filed in the last 30 days. Browse all governance changes →

Mativ Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-052044

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