Leadership & Pay ·
Matthews International Corporation announced that Michael J. Whitehead has been appointed President and Chief…
MATWMatthews International Corp
Matthews International Corporation announced that Michael J. Whitehead has been appointed President and Chief Executive Officer, succeeding Joseph C. Bartolacci who is retiring after more than two decades of leadership. The appointment becomes effective on August 31, 2026. Mr. Whitehead brings extensive industrial technology experience from Lincoln Electric Holdings, Inc., where he most recently served as Executive Vice President and President of Americas Welding. His compensation package includes a $1,000,000 annual base salary, a one-time transition cash payment of $300,000, and long-term incentive awards with grant date fair values totaling $5,275,000 consisting of restricted stock units and performance stock units. He is also eligible for an annual target bonus equal to 100% of his base salary and severance benefits including twenty-four months of salary continuation in the event of termination without cause. Matthews International Corporation operates through Industrial Technologies and Memorialization segments, providing precision technologies, industrial automation solutions, and memorial products such as memorials, caskets, and cremation equipment.