Matthews International announces CFO Steven F. Nicola's retirement and names Daniel E. Stopar as his successor, effective December 2025.
Quiver AI Summary
Matthews International Corporation announced that Steven F. Nicola, its Chief Financial Officer and Treasurer, will retire on December 31, 2025, after over 30 years with the company, including serving as CFO since 2003. During his tenure, Nicola was crucial in shaping the company’s financial strategy and growth, earning praise from President and CEO Joe Bartolacci for his leadership and integrity. Daniel E. Stopar has been appointed to succeed Nicola starting December 1, 2025; he has been with Matthews since 2013, holding various executive roles and having a strong financial background. Matthews operates through two main business segments—Industrial Technologies and Memorialization—and employs over 5,400 people globally.
Potential Positives
- Steven F. Nicola, the long-serving CFO, is retiring after more than three decades, signaling a transition that highlights the company's stable leadership and dedication to employee longevity.
- Daniel E. Stopar has been appointed as the new CFO, bringing extensive experience within the company and a strong background in financial leadership, ensuring continuity in financial management.
- The press release emphasizes Matthews International's long-term growth and operational efficiency, showcasing its commitment to innovation and market leadership in both Industrial Technologies and Memorialization sectors.
Potential Negatives
- Steven F. Nicola's retirement announcement could create uncertainty regarding the company's financial leadership and strategic direction leading up to the transition.
- The succession plan for the CFO position, while named, could result in a period of adjustment that affects operational consistency.
- Potential challenges in maintaining investor confidence during a leadership transition in a critical role like the CFO, which is essential for the company's financial governance.
FAQ
Who is retiring from Matthews International Corporation?
Steven F. Nicola, the Chief Financial Officer and Treasurer, is retiring after over three decades of service.
When is Steven F. Nicola's retirement effective?
His retirement is effective December 31, 2025.
Who will succeed Steven F. Nicola as CFO?
Daniel E. Stopar will succeed him as Chief Financial Officer and Treasurer, effective December 1, 2025.
What roles has Daniel E. Stopar held at Matthews?
Daniel E. Stopar has held various executive financial roles and was most recently Senior Vice President, Operations Controller.
What are the main businesses of Matthews International Corporation?
Matthews operates in Industrial Technologies and Memorialization, focusing on operational efficiency and strategic expansion.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MATW Insider Trading Activity
$MATW insiders have traded $MATW stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $MATW stock by insiders over the last 6 months:
- J MICHAEL NAUMAN has made 3 purchases buying 5,081 shares for an estimated $119,007 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MATW Hedge Fund Activity
We have seen 80 institutional investors add shares of $MATW stock to their portfolio, and 90 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CANNELL CAPITAL LLC added 247,827 shares (+inf%) to their portfolio in Q2 2025, for an estimated $5,925,543
- BOSTON PARTNERS added 215,098 shares (+47.2%) to their portfolio in Q2 2025, for an estimated $5,142,993
- POLAR ASSET MANAGEMENT PARTNERS INC. added 206,600 shares (+96.2%) to their portfolio in Q2 2025, for an estimated $4,939,806
- INVENOMIC CAPITAL MANAGEMENT LP removed 185,173 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,427,486
- BLACKROCK, INC. removed 141,003 shares (-3.1%) from their portfolio in Q2 2025, for an estimated $3,371,381
- GAMCO INVESTORS, INC. ET AL added 137,189 shares (+11.0%) to their portfolio in Q2 2025, for an estimated $3,280,188
- AMERIPRISE FINANCIAL INC added 137,015 shares (+9.0%) to their portfolio in Q2 2025, for an estimated $3,276,028
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PITTSBURGH, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced that Steven F. Nicola, Chief Financial Officer and Treasurer, has advised the Company’s Board of Directors (the “Board”) of his plans to retire effective December 31, 2025, after more than three decades of dedicated service. Mr. Nicola joined Matthews in 1992 and has served as CFO since 2003. Throughout his tenure, he played a pivotal role in guiding the Company’s financial strategy, governance, and growth.
“Steve’s leadership and integrity have been instrumental to Matthews’ success,” said Joe Bartolacci, President and CEO. “His steady guidance and deep financial expertise have helped shape the Company’s growth and resilience over the years. We thank him for his outstanding contributions and wish him the very best in retirement.”
The Board has named Daniel E. Stopar to succeed Mr. Nicola as Chief Financial Officer and Treasurer, effective December 1, 2025. Mr. Stopar, who joined Matthews in 2013, has extensive experience in financial, accounting and reporting matters and has held various executive financial roles with the Company, most recently as Senior Vice President, Operations Controller and Head of Global Business Services. Prior to joining Matthews, Mr. Stopar served in several financial leadership roles for Royal Philips Electronics and Respironics, Inc.
About Matthews International
Matthews International Corporation operates through two core global businesses – Industrial Technologies and Memorialization. Both are focused on driving operational efficiency and long-term growth through continuous innovation and strategic expansion. The Industrial Technologies segment evolved from our original marking business, which today is a leading global innovator committed to empowering visionaries to transform industries through the application of precision technologies and intelligent processes. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. In addition, the Company also has a significant investment in Propelis, a brand solutions business formed through the merger of SGK and SGS & Co. Propelis delivers integrated solutions including brand creative, packaging, print solutions, branded environments, and content production. Matthews International has over 5,400 employees in 19 countries on four continents that are committed to delivering the highest quality products and services.
Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: 412.442.8200
| Contact: | Tanya Williams | ||
| Sr. Director, Corporate Communications | |||
