Mativ Holdings (NYSE: MATV) appoints Scott Minder as CFO in 2026
Rhea-AI Filing Summary
Mativ Holdings, Inc. is appointing Scott Minder as its new Chief Financial Officer, effective January 1, 2026, succeeding current CFO Gregory Weitzel, whose departure is effective December 31, 2025. Minder brings senior finance experience from Hyster-Yale, ATI, PPG Industries, Penske Logistics, and General Motors, along with management and MBA degrees from Kettering University and Duke University’s Fuqua School of Business.
Under his offer letter, Minder will receive an annual base salary of $550,000, a short-term incentive targeted at 70% of salary, and a long-term equity incentive targeted at 175% of salary, plus a $200,000 cash sign-on bonus, up to $125,000 in relocation assistance, and a $5,000 monthly living stipend for 18 months. The company states there are no special arrangements or family relationships behind his appointment and that Weitzel’s separation will be treated as an involuntary termination without cause under its Executive Severance Plan.
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Insights
CFO transition with defined pay and severance terms, but an experienced successor is already named.
Mativ Holdings is transitioning its finance leadership, with Gregory Weitzel departing as Chief Financial Officer on December 31, 2025 and Scott Minder stepping into the CFO role on January 1, 2026. The company characterizes Weitzel’s departure as an involuntary termination without cause under its Executive Severance Plan, which frames his exit within an established policy rather than a bespoke arrangement.
Minder’s compensation package combines fixed and variable elements: an annual base salary of $550,000, a short-term incentive targeted at 70% of salary, and a long-term equity award targeted at 175% of salary, plus a $200,000 cash sign-on bonus, up to $125,000 in relocation assistance, and a $5,000 monthly living stipend for 18 months. This mix links a substantial portion of his total opportunity to performance and equity, aligning him with shareholder outcomes as described.
The company states there are no special arrangements or family relationships tied to Minder’s appointment and no material related-party transactions requiring disclosure. Key timing points are the separation on December 31, 2025 and Minder’s start on January 1, 2026, with additional detail on Weitzel’s severance referenced in the “Termination Not in Connection with a Change of Control” section of the definitive proxy statement dated March 21, 2025.
8-K Event Classification
FAQ
Who is becoming Chief Financial Officer of Mativ Holdings (MATV)?
Scott Minder has been appointed Chief Financial Officer of Mativ Holdings, Inc. He will succeed current CFO Gregory Weitzel in this role.
When will the CFO transition at Mativ Holdings (MATV) take effect?
The transition is scheduled so that Gregory Weitzel departs on December 31, 2025, and Scott Minder becomes CFO effective January 1, 2026.
What are the key compensation terms for new Mativ CFO Scott Minder?
Scott Minder will receive an annual base salary of $550,000, a short-term incentive targeted at 70% of salary, and a long-term equity incentive targeted at 175% of salary. He will also receive a $200,000 cash sign-on bonus, up to $125,000 in relocation assistance, and a $5,000 monthly living stipend for 18 months.
How is outgoing CFO Gregory Weitzel’s departure from Mativ Holdings (MATV) classified?
For purposes of the Mativ Holdings, Inc. Executive Severance Plan, Gregory Weitzel’s departure will be treated as an involuntary termination without “cause.” He is entitled to severance benefits described under the “Termination Not in Connection with a Change of Control” section of the company’s definitive proxy statement dated March 21, 2025.
What is Scott Minder’s professional background before joining Mativ Holdings (MATV)?
Before joining Mativ, Scott Minder served as SVP, Chief Financial Officer and Treasurer of Hyster-Yale, Inc. He previously held financial leadership roles at ATI, PPG Industries, Penske Logistics, and General Motors, and holds a management degree from Kettering University and an MBA from Duke University’s Fuqua School of Business.