Thomas Gebhardt Joins Matthews International's Board of Directors
Mr. Gebhardt Brings Significant Experience in Batteries and EV Technology Solutions
Gregory Babe Resigns from Board Immediately
Matthews International Corporation (NASDAQ: MATW) has announced the immediate appointment of Thomas Gebhardt to its Board of Directors. This move comes as the company continues to reinforce its strategic direction within the industrial and technology sectors.
Prior to joining Matthews, Mr. Gebhardt amassed over three decades of experience with Panasonic, where he served as Chairman and Chief Executive Officer of the North American division. His tenure at Panasonic was marked by a significant metamorphosis; the organization evolved beyond consumer electronics into a powerhouse of industrial technology solutions. Mr. Gebhardt successfully led Panasonic’s Automotive and battery sectors, boosting revenues dramatically and establishing critical partnerships with industry leaders like Toyota and Tesla.
“We are thrilled to have Tom on our Board of Directors,” expressed Alvaro Garcia-Tunon, Chairman of the Matthews Board. “His extensive background in the battery ecosystem and the EV industry will be invaluable as we expand our Dry Battery Electrode solutions business. Tom embodies the strategic vision we need to drive Matthews forward.”
Mr. Gebhardt himself expressed enthusiasm about joining the Company at such a crucial time. He stated, “The demand for innovative dry battery electrode solutions is surging globally. I look forward to collaborating with the Board and the management team to realize the value for both customers and shareholders.”
Transition and Leadership Changes
Mr. Gebhardt's entry to the Board coincides with the resignation of Gregory S. Babe, who informed the company of his decision not to seek re-election at the upcoming Annual Meeting of Shareholders in 2026. His resignation is effective immediately, marking a pivotal transition in Matthews' leadership structure.
“I would like to extend my gratitude to Greg for his dedicated service and leadership at Matthews,” said Mr. Garcia-Tunon. “His contributions to our Dry Battery Electrode solutions and successful project management have been instrumental in shaping our growth trajectory.”
Strategic Growth in Battery Solutions
The appointment of Mr. Gebhardt reflects Matthews' commitment to enhancing its capabilities within the rapidly evolving battery technology landscape. With the electric vehicle market projected to expand, Matthews' innovations in dry battery electrode solutions are timely and relevant.
The Company plans to leverage Mr. Gebhardt's strategic insights and relationship-building skills to expand its market reach and strengthen partnerships within the industrial tech sector.
About Matthews International Corporation
Matthews International Corporation operates as a premier provider of memorialization products, advanced industrial technology, and branding solutions. The Company prides itself on its wide-ranging expertise across multiple segments, including memorial products, energy storage solutions, and brand energy alignment.
With more than 11,000 dedicated employees across 30 countries, Matthews is committed to delivering superior quality products and services. Its focus on innovation and customer service positions the Company to meet the evolving needs of its diverse clientele.
Frequently Asked Questions
What experience does Thomas Gebhardt bring to Matthews International?
Mr. Gebhardt brings over 30 years of experience from Panasonic, including significant expertise in battery technology and industrial automation.
Why did Gregory Babe resign from the Board?
Gregory Babe chose not to seek re-election at the 2026 Annual Meeting, leading to his immediate resignation from the Board.
What is Matthews International's focus moving forward?
Matthews aims to expand its Dry Battery Electrode solutions amid growing demand within the electric vehicle and energy storage markets.
How many employees does Matthews International have?
Matthews International Corporation employs over 11,000 individuals across more than 30 countries worldwide.
How can shareholders participate in voting?
Shareholders are encouraged to vote using the provided white proxy card, either through internet voting or by returning the signed card in the mail.
