Mativ Holdings, Inc. has appointed Scott Minder as its new Chief Financial Officer, effective January 1, 2026. Minder succeeds Greg Weitzel, who will remain with the company through December 31, 2025, and will oversee the firm’s financial strategy during a critical turnaround phase.
Minder brings more than 30 years of experience in finance, treasury and investor relations across industrial, manufacturing and automotive sectors. Prior to joining Mativ, he served as Senior Vice President, Chief Financial Officer and Treasurer at Hyster‑Yale, where he led a comprehensive balance‑sheet overhaul that reduced leverage by 25% and secured a rating upgrade from Moody’s Baa2 to Baa1. His earlier roles include senior finance positions at ATI, PPG Industries, Penske Logistics and General Motors.
Mativ’s current financial profile reflects a company in the midst of a restructuring effort. The firm’s 2024 fiscal year ended with a net loss of $45 million on revenue of $1.8 billion, driven by a 12% decline in its Filtration Advanced Materials segment and a 9% drop in its Sustainable Adhesive Solutions segment. Analysts note that the company’s leverage ratio stood at 4.5x EBITDA, above the industry average of 3.2x, underscoring the need for deleveraging and cash‑flow generation.
Minder’s track record suggests he will focus on tightening the balance sheet and improving profitability. He has emphasized cost discipline, operational efficiency and strategic capital allocation. “We are thrilled to welcome Scott to Mativ and look forward to leveraging his expertise as we continue to strengthen our balance sheet, drive enhanced commercial execution and accelerate profitable growth,” said President and CEO Shruti Singhal. Minder echoed this sentiment, noting that the company’s momentum in recent quarters provides a solid foundation for the next growth phase.
The appointment signals Mativ’s commitment to a disciplined financial approach amid ongoing challenges. With a high leverage ratio and recent losses, the company’s ability to reduce debt and improve cash flow will be closely watched. Minder’s experience in turning around Hyster‑Yale’s finances gives investors confidence that the firm can execute a similar strategy, potentially improving credit terms and freeing capital for strategic investments in high‑margin segments.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.