People are shocked to find out Matt Susz, the CFO of Joann Fabrics, died at the age of 56. Matt has been working for Joann for a long time and is a crucial contributor to the company.
His death shocked the entire country, and people expressed their sympathy for him. President Biden also expressed condolences to the deceased CFO in his recent press meet. He has left behind a legacy.
Joann is a reputed brand with consumers all over the world. They deal with crafts and fabrics; they are based in Ohio. The company is renowned worldwide for its supreme quality and is also trusted on the stock exchange.
In NASDAQ, Joann can be found under the name Joan. Matt was serving as Executive Vice President, Chief Financial Officer & Strategy. Let’s find out more details about the CFO.
Who Is Matt Susz From Joann Fabrics Stores CFO?
Matt was the CFO of America’s biggest fabric store, Joann. He has been a part of the company for more than 19 years, and over the years in the company, he has worked in various positions.
As per his LinkedIn profile, he joined the company in 2003 as a director of financial planning, and after that, he got promoted multiple times. It was in 2019 that he was promoted to CFO of the company.
Before that, he was in Arthur Andersen LLP and worked as a Senior Accountant over there for five years since 1991. About his education, he got his degree of Bachelors in accounting from The University of Akron.
His commitment and integrity have been very important for Joann to grow as a company and to reach the position which it stands in today. The trust people have for the brand is because hard work of people like him.
Matt Susz Death Cause
As of now, Matt’s death cause has not been revealed. The only news in the media is that he has died suddenly and nothing more. It has been reported that his death occurred on June 15.
It can be expected that Matt’s family or his office will release a statement revealing the cause of the death. People have taken over the internet to express their condolences to the deceased CFO. People are honoring his legacy.
Regarding Matt’s death, President Biden expressed his condolences; however, he received backlash for that because he used the term “drop dead” to tell Matt had died. People are expressing their disgust with this term.
Besides that, people are expressing their homage to the CFO for his excellent service to Joann. He spent almost two decades of his life in this company.
What Is Matt Susz Net Worth?
Matt’s net worth is estimated to be more than $5 million, which he mostly garnered from his career in Joann. It is not surprising that the CFO of Joaan was worth millions.
It is quite common for CFOs to have shares in their company plus salaries, and added benefit makes them super-rich. Matt lived a lavish life e with the enormous wealth he had.
After his death, as per the report published by MarketWatch, the position of CFO was taken over by Joann’s vice president and controller, Tom Dryer, as interim CFO.
The company will decide on a permanent CFO soon because the function of the company cannot be disrupted and if a disruption occurs multitude of damage might be in its way.