Management ChangeAug 4, 2026, 04:40 PM
Matthews International CEO Joseph Bartolacci to Retire
AI Summary
Matthews International Corporation announced that Joseph C. Bartolacci will retire as President and Chief Executive Officer and resign as a director after nearly three decades of service, including 20 years as CEO. The Board of Directors has initiated a succession process to find his replacement. Mr. Bartolacci will continue in his current roles until a successor is appointed and will support the transition through at least January 1, 2027. His departure is not due to any dispute with the company.
Key Highlights
- Joseph C. Bartolacci to retire as President and CEO.
- He will also resign as a director of the Company.
- Bartolacci served nearly three decades, including 20 years as CEO.
- Board of Directors initiated a succession process for a new CEO.
- Mr. Bartolacci will continue until his successor is appointed.
- He will support the transition through at least January 1, 2027.
- His decision to retire is not due to any dispute with the Company.
- Entitled to prorated annual salary and FY 2027 bonus at target level.
Price Impact
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