Mativ Holdings Appoints Shruti Singhal as President & CEO
Slice of Manufacturing Team
03/13/2025
Key Highlights:
- Shruti Singhal named President & CEO of Mativ Holdings, Inc.
- Succeeds Julie Schertell, who steps down after over two years as CEO.
- Singhal brings extensive leadership experience in corporate turnarounds and global industrial operations.
- Mativ launches cost-saving initiatives, targeting over $20M in non-operating cost reductions in 2024.
- Board emphasizes need to accelerate execution, lower costs, and drive profitability.
Source: Business Wire
Quotes
“ “Mativ has a strong core business with innovative and differentiated specialty materials products and strategic initiatives in place to enhance profitability and drive growth.” ”
Dr. Kimberly E. Ritrievi, Chair of the Board of Directors at Mativ Holdings, Inc
Why This Matters:
Mativ Holdings’ leadership transition marks a pivotal moment for the company as it seeks to accelerate its transformation and drive long-term profitability. With Shruti Singhal’s extensive experience in corporate turnarounds and operational excellence, the company aims to enhance its financial performance and strengthen its position in the specialty materials industry. The leadership change, coupled with Mativ’s aggressive cost-cutting initiatives, signals a strategic shift toward improved efficiency and value creation for shareholders.
