Marco Levi
About Marco Levi
Independent director of Mativ Holdings, Inc. (MATV), age 67, serving on the Board since 2016. Currently Chief Executive Officer of Ferroglobe PLC (mining and metals) since January 2020; prior CEO roles at Thermission AG (2018–2019) and Ahlstrom Corporation (2014–2016), and senior leadership at Styron/Trinseo (2010–2014), bringing >30 years of global materials technology, chemicals, plastics, and specialty paper experience to Mativ’s boardroom . The Board affirmatively determined Levi is independent under NYSE, SEC, and company standards .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Thermission AG | Chief Executive Officer | June 2018 – December 2019 | Led zinc thermal diffusion operations; global industrial finishing experience |
| Ahlstrom Corporation | President & Chief Executive Officer | 2014 – 2016 | Led high‑performance fiber company; public company strategy and execution |
| Styron Corporation (now Trinseo) | SVP & Business President, Emulsion Polymers | 2010 – 2014 | Oversaw manufacturing, supply chain, marketing, sales, R&D; led business through IPO |
External Roles
| Organization | Role | Tenure | Public Company Directorships |
|---|---|---|---|
| Ferroglobe PLC | Chief Executive Officer | Since January 2020 | Director of Ferroglobe PLC since 2020 |
Board Governance
- Committee assignments: Compensation Committee member; Nominating & Governance Committee Chair. Audit Committee: not a member .
- 2024 committee meetings: Compensation (8), Nominating & Governance (4), Audit (7). All current directors attended all Board and applicable committee meetings in 2024 .
- Board leadership: Independent Non‑Executive Chair (Kimberly E. Ritrievi) .
- Independence: Levi determined independent by the Board .
- Governance practices: Majority vote resignation policy; regular executive sessions of independent directors; annual evaluations; overboarding limits; director training; hedging/pledging prohibition for directors and key executives .
Fixed Compensation
| Director Compensation (2024) | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $83,750 |
| Stock Awards (grant date fair value) | $102,500 |
| Total | $186,250 |
| Director Retainer Structure | Cash | Stock | Effective |
|---|---|---|---|
| Annual Board retainer (non‑employee directors) | $85,000 | $125,000 | Approved Sept 2024 |
| Temporary cash reversion (Q2–Q4 2025) | $70,000 (annualized) | — | Approved Feb 17, 2025 |
| Committee Chair fees | Audit $30,000; Compensation $20,000; Nominating & Governance $15,000 | — | 2024 schedule |
| Committee member fees | Audit $15,000; Compensation $10,000; Nominating & Governance $10,000 | — | 2024 schedule |
Notes:
- Levi’s role as Nominating & Governance Chair implies the $15,000 chair retainer; Compensation Committee member implies $10,000 member retainer (included within “Fees Earned”) .
Performance Compensation
- Directors do not have performance‑conditioned compensation at Mativ; equity is granted as retainer stock (deferred stock units/stock awards). No director‑specific performance metrics disclosed for board pay .
Other Directorships & Interlocks
| Company | Relationship | Potential Interlock/Conflict Assessment |
|---|---|---|
| Ferroglobe PLC | CEO and Director | Mativ’s policy requires review/approval of any related‑party transactions; since Jan 1, 2024, the Company reports no related‑party transactions. Board determined Levi is independent; hedging/pledging prohibited . |
Expertise & Qualifications
- Brings current/former CEO experience and extensive industrial/manufacturing sector expertise; strategic leadership, M&A/integration, international operations, executive compensation, ESG/sustainability noted in Board’s skills matrix .
- Biographical credentials emphasize leadership across mining/metals, specialty materials, and global operations, with public company execution experience .
Equity Ownership
| Metric (as of March 10, 2025) | Value |
|---|---|
| Beneficial Ownership (Common Stock) | 29,364 shares |
| Deferred Stock Units | 0 |
| Percent of Class | <1% (asterisk indicates less than 1%) |
| Director Ownership Guideline | 5× annual cash Board retainer; all directors meet or are within 5 years to comply |
| Hedging/Pledging | Prohibited for directors and key executives |
Recent Insider Transactions (Form 4)
| Transaction Date | Type | Shares | Price | Post‑Transaction Ownership | Source |
|---|---|---|---|---|---|
| 2025‑07‑01 | Award (stock) | 18,328 | $6.82 | 62,700 | |
| 2025‑05‑30 | Open‑market purchase | 10,000 | $5.78 | 44,732 | |
| 2025‑04‑01 | Award (stock) | 5,008 | $6.24 | 34,732 | |
| 2025‑01‑03 | Award (stock) | 2,866 | $10.90 | 29,364 | |
| 2024‑10‑01 | Award (stock) | 1,839 | $16.99 | 26,498 | |
| 2024‑07‑01 | Award (stock) | 1,400 | $16.96 | 24,659 | |
| 2024‑04‑01 | Award (stock) | 1,266 | $18.75 | 23,259 | |
| 2024‑01‑02 | Award (stock) | 1,551 | $15.31 | 21,993 |
Governance Assessment
- Board effectiveness: Levi chairs Nominating & Governance and serves on Compensation, indicating strong involvement in board composition, succession, ESG oversight, and pay design. All directors attended Board and committee meetings in 2024, supporting engagement .
- Independence and conflicts: Board determined Levi is independent; no related‑party transactions since Jan 1, 2024; hedging/pledging prohibited—positive alignment signals .
- Ownership alignment: Quarterly stock awards plus a notable open‑market purchase of 10,000 shares on May 30, 2025 aligns director incentives with shareholders .
- Compensation governance: As a Compensation Committee member, Levi participates in pay oversight alongside an independent consultant (Meridian), with clawback policies and best‑practice features—mitigates pay‑for‑performance risk .
- Risk indicators and red flags: None evident—no Section 404 related‑party transactions, strong attendance, majority vote policy, overboarding limits in place. Watch item: time commitments as a sitting public‑company CEO (Ferroglobe) should be monitored, but current overboarding policy allows executives to serve on up to two additional boards and board affirms independence .
- Shareholder sentiment: Prior say‑on‑pay approval ~97% (2024), indicating investor support for compensation practices overseen by the committee on which Levi serves .