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JOANN Inc (NASDAQ: JOAN) announced that Matt Susz, the Company’s Executive Vice President, Chief Financial Officer & Strategy, passed away unexpectedly on June 15, 2022.
Following Mr. Susz’s unexpected death, the Company’s Board of Directors (the “Board”) has appointed, effective as of June 15, 2022, Tom Dryer, the Company’s Vice President and Controller, to serve as the Company’s interim Chief Financial Officer. Upon commencement of his appointment, Mr. Dryer assumed the duties of the Company’s principal financial officer and principal accounting officer.
Mr. Dryer, 56, was appointed Vice President, Controller in December 2011 after serving as the Company’s Director, Financial Planning since May 2011. He previously served as Director, Inventory Control from 2000 to 2011, Manager, SAP Project Implementation Team from 1998 to 2000, Manager, Merchandise Accounting from 1995 to 1998. Since joining the Company in 1989, Mr. Dryer has served in various roles of increasing responsibility in the Company’s finance and accounting departments and has a broad base of financial planning, financing reporting and accounting experience.
In connection with his appointment as interim Chief Financial Officer, Mr. Dryer will continue to receive his base salary, as well as short-term and long-term incentive compensation.
Pres. Biden to CEO of Joann Inc.: “My sympathies to the family of your CFO, who dropped dead very unexpectedly.”
