MATTHEWS INTERNATIONAL CORPORATION ANNOUNCES BOARD RIGHT-SIZING SUPPORTED BY TWO LONG-TENURED DIRECTORS
Key Highlights
- ➤Matthews International (MATW) plans to reduce its Board from ten to eight directors
- ➤Katherine E. Dietze will not stand for re-election at the 2027 Annual Meeting
- ➤Morgan K. O'Brien will not stand for re-election at the 2027 Annual Meeting
- ➤European engineering restructuring targets approximately $10 million in annual savings starting Fiscal Year 2027
- ➤Michael J. Whitehead became President and CEO effective August 31, 2026
Expert Statements
J. Michael Nauman, Chairman of the Board of Matthews International Corporation
“Katherine and Morgan have, for many years, been trusted advisors whose experience, judgment, and commitment have helped shape Matthews' success. Just as importantly, they have demonstrated that same commitment in supporting the Board's ongoing refreshment efforts and the leadership transition currently underway. Their decision to support a smaller, more focused Board reflects the thoughtful stewardship, dedication, and long-term perspective that have characterized their service as Directors, and we are grateful for their continued confidence in the Company's future.”
MATTHEWS INTERNATIONAL CORPORATION ANNOUNCES BOARD RIGHT-SIZING SUPPORTED BY TWO LONG-TENURED DIRECTORS PR Newswire
PITTSBURGH, Oct. 1, 2026 /PRNewswire/ -- Matthews International Corporation (NASDAQ GSM: MATW) ("Matthews" and/or the "Company") today announced that Katherine E. Dietze and Morgan K. O'Brien, each a long-serving member of the Company's Board of Directors (the "Board"), have informed the Board that they will not stand for re-election at the Company's 2027 Annual Meeting of Shareholders (the "2027 Meeting"). Their decision reflects their support for the Company's strategic direction, the appointment of Michael J. Whitehead ("Mr. Whitehead") as the new President & Chief Executive Officer of the Company, and the Board's ongoing governance initiative to reduce its size from ten to eight directors, creating a more streamlined Board structure to more closely align with Matthews' next phase of growth.
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