Mativ names Shruti Singhal as new CEO

Mativ (MATV) Holdings “announced the appointment of Shruti Singhal, current member of Mativ’s Board of Directors, as President and Chief Executive Officer, effective today. Mr. Singhal succeeds Julie Schertell, who has stepped down as President and Chief Executive Officer, and as a director. He previously served as CEO of Galata Chemicals and Chroma Color, and has held roles of increasing responsibility at global businesses including DSM, General Cable, Solenis, Ashland, The Dow Chemical Company, Rohm and Haas, Cognis and Henkel. Mativ has taken a number of recent actions to reduce its cost structure in light of the current operating environment, including reducing non-operating costs by over $20 million in 2024. To accelerate these efforts, the Company has launched a comprehensive review of its cost structure to identify further savings actions available to Mativ to enhance profitability.”