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Matthews International Corporation Announces Nomination of New Director

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On January 17, 2023, Matthews International Corporation (NASDAQ GSM: MATW) announced the nomination of Aleta Richards for election to its Board of Directors, to be voted on at the annual shareholders meeting on February 16, 2023. Dr. Richards currently serves as Executive Vice President of Specialty Films at Covestro Deutschland AG and has extensive experience in senior leadership roles across global markets, including sales, marketing, and human resources. The Board believes her international expertise and strong background will significantly benefit Matthews, enhancing its strategic direction and leadership.

Positive
  • Aleta Richards brings extensive international experience and a strong background in sales and marketing.
  • Her nomination is expected to strengthen the Board's strategic direction.
Negative
  • None.

PITTSBURGH, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced Aleta Richards has been nominated for election to serve as a new director on the Company’s Board of Directors, to be voted on at its annual shareholders meeting on February 16, 2023. Dr. Richards currently serves as Executive Vice President of Specialty Films for Covestro Deutschland AG located in Dormagen, Germany. In this role, she leads the global specialty films business, directing all business functions and has responsibility for the full income statement of the business unit. Prior to her current role, Dr. Richards served in multiple senior leadership positions within the Americas and APAC regions, including roles in sales and marketing, product management, and strategic accounts. She also held executive positions in strategic marketing and human resources and services during her time with Bayer Corporation.

The Board of Directors (the “Board”) believes Dr. Richards is well-qualified to serve as a director on the Company’s Board. With her strong background, global perspective and expertise in international business, marketing, sales, and strategy, as well as human resources and people management, she will bring important assets to Matthews. Dr. Richards holds a B.S. degree in Business with concentrations in communications and human resources from the University of Pittsburgh, an M.B.A. in marketing and international business from the Katz School of Business, University of Pittsburgh, and a Doctor of Business Administration from the Ross School of Business, Georgia State University.

About Matthews International Corporation

Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment designs, manufactures, services, and distributes high-tech custom energy storage, marking, coding and industrial automation technologies and solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands, and provide value. The Company has approximately 12,000 employees in more than 30countries on six 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: Steven F. Nicola
  Chief Financial Officer
  412.442.8262

FAQ

Who is Aleta Richards and what is her role at Matthews International Corporation?

Aleta Richards is nominated for election to the Board of Directors of Matthews International Corporation. She is currently the Executive Vice President of Specialty Films at Covestro Deutschland AG.

When will Aleta Richards' nomination be voted on?

Aleta Richards' nomination will be voted on at the annual shareholders meeting on February 16, 2023.

What qualifications does Aleta Richards have?

Aleta Richards has significant senior leadership experience in sales, marketing, and human resources. She holds a B.S. in Business and an M.B.A. in marketing and international business.

How many employees does Matthews International Corporation have?

Matthews International Corporation has approximately 12,000 employees across more than 30 countries.

Matthews International Corp

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