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Materion Appoints John Zaranec Chief Accounting Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Materion Corporation (NYSE: MTRN) announced the appointment of John Zaranec as chief accounting officer, effective May 4, 2022. In this role, he will oversee all accounting functions and investor relations to ensure accurate financial reporting and effective communication with stakeholders. Having joined Materion in April 2021 as vice president, John is noted for his leadership and improvements in accounting processes. He holds a master's degree in Accountancy and is a certified public accountant.
Positive
John Zaranec's appointment brings strong financial acumen and leadership experience.
His previous roles demonstrate a solid background in global accounting and reporting.
Negative
Concerns may arise regarding leadership continuity given the recent management changes.
MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--
Materion Corporation (NYSE: MTRN), a world leader in high performing advanced materials, announced today that John Zaranec has been appointed chief accounting officer, effective May 4, 2022.
In his role, John is responsible for all accounting related functions within the company, including ensuring the completeness and accuracy of internal and external financial reporting, directing and developing global accounting policies practices and procedures, maintaining a robust framework of internal controls, and developing an appropriate organizational structure to support the company’s growth objectives.
In addition to these responsibilities, John also leads the company’s investor relations function where he develops and executes Materion’s program to effectively communicate the company’s strategy and financial performance to the investment community. John reports to Shelly Chadwick, Materion vice president and chief financial officer.
“Since joining Materion a year ago, John has utilized his strong financial acumen and high-energy leadership style to quickly implement improvements across our accounting and reporting processes, while developing key talent and establishing strong relationships with key stakeholders,” Chadwick said. “With his commitment to continuous improvement, John will be instrumental in supporting our company as we continue our transformation into a global advanced materials leader.”
John joined Materion in April 2021 as vice president, corporate controller and investor relations. Prior to joining Materion, he served as head of global accounting and reporting for The Timken Company. Prior to Timken, he was director of global accounting and regional controller with A. Schulman. Earlier in his career, he held accounting and financial roles of increasing responsibility with OM Group and KPMG.
John holds a master’s degree in Accountancy and a bachelor’s degree in Business from Miami University. He is also a certified public accountant.
About Materion
Materion Corporation is headquartered in Mayfield Heights, Ohio. Materion, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.
What is the significance of John Zaranec's appointment at Materion?
John Zaranec's appointment as chief accounting officer is significant as he is tasked with enhancing financial reporting and investor relations, crucial for Materion's growth.
When did John Zaranec join Materion Corporation?
John Zaranec joined Materion Corporation in April 2021.
What are John Zaranec's responsibilities as chief accounting officer?
As chief accounting officer, Zaranec is responsible for all accounting functions, ensuring accurate financial reporting, and leading investor relations.
What previous experience does John Zaranec bring to Materion?
Before joining Materion, John Zaranec was head of global accounting and reporting at The Timken Company and held various roles at A. Schulman, OM Group, and KPMG.
How will the management change impact Materion Corporation?
The management change may impact Materion Corporation by introducing new strategies in financial reporting and investor relations, influencing investor confidence.
