Scotts Miracle-Gro (SMG) Appoints Matthew Garth as Chief Financial Officer
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The Scotts Miracle-Gro Company (NYSE: SMG) today announced that Matthew Garth has been named executive vice president and chief financial officer, effective December 1, 2022.
Garth brings over 25 years of financial experience to ScottsMiracle-Gro, having led a full range of corporate and operational finance functions, from treasury and investor relations to planning and analysis. financial, among others. Most recently, he was chief financial officer and senior vice president of treasury and finance for Minerals Technologies, Inc. (NYSE: MTX). He previously held senior financial positions at Alcoa, Inc.
“Matt displays an impressive combination of financial acumen and high performance, which makes him an invaluable addition to our leadership team,” said Jim Hagedorn, President and CEO of ScottsMiracle-Gro. “He led all aspects of the core finance function and successfully provided finance leadership during challenging times. Equally important, he is an action-oriented partner for the operational side of the business, which gives me confidence that he will quickly have a positive impact as we further adjust our cost structure and improve our performance. financial.
“Matt’s tenure in his previous leadership roles was attractive, as he demonstrated his willingness to not only take full responsibility for delivering long-term results, but to operate effectively in a wide variety of situations. “
Garth will succeed ScottsMiracle-Gro board member David Evans, who was appointed interim chief financial officer on August 30, 2022, and will continue in that role until Garth joins the company. Evans will remain as a close advisor to Garth throughout the calendar year to ensure a smooth transition.
“I want to thank Dave Evans for his strong leadership during a critical time for our business,” Hagedorn said. “The entire organization has benefited from his deep experience as a highly accomplished and respected financial operator.”
Evans, who was involved in the search process for a new CFO, said, “I’m impressed with Matt’s credentials and enthusiasm. Throughout his career, he has excelled as a financial leader whose contributions have led to growth and shareholder value.
At Minerals Technologies, Garth had global responsibility for finance, tax, treasury, audit, investor relations, information technology and shared services functions. At Alcoa, he was promoted to positions of increasing responsibility, including CFO of two multi-billion dollar companies and roles involving corporate finance, treasury, financial planning and analysis, investor relations, strategic planning, risk management and shareholder value creation. He holds a Bachelor of Science in Accounting from the University of Delaware and an MBA from Columbia University.
“I look forward to joining ScottsMiracle-Gro and working closely with the team to address near-term challenges and position the company for long-term financial strength and value creation,” said Garth.