On August 19, 2025, Matthews International Corporation announced that Steven F. Nicola, Chief Financial Officer and Treasurer, plans to retire effective December 31, 2025. Mr. Nicola has served as CFO since 2003, contributing over three decades of service to the company.
Daniel E. Stopar, currently the company's Vice President, Corporate Controller, and Chief Accounting Officer, has been appointed as Mr. Nicola's successor, effective January 1, 2026. This internal promotion ensures a smooth leadership transition within the finance department.
The planned retirement and internal succession demonstrate a structured approach to executive leadership changes. This transition is significant for maintaining financial continuity and strategic direction at Matthews International.
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