Joann Stores' CFO Matt Susz: Driving Financial Success And Growth

Posted on 05 Apr 2024

Joann Stores CFO, Matt Susz, is a key executive responsible for the financial operations of the company.

Matt Susz has been with Joann Stores since 2016, and has held various leadership positions within the finance organization. In his current role as CFO, he is responsible for all aspects of the company's financial strategy, including financial planning, accounting, tax, treasury, and investor relations. Susz has been instrumental in driving the company's growth and profitability, and has played a key role in the company's recent expansion into new markets.

Prior to joining Joann Stores, Susz held various finance leadership positions at other retail companies, including Macy's and Kohl's. He has a deep understanding of the retail industry, and is a recognized expert in financial management. Susz is a graduate of the University of Notre Dame, where he earned a Bachelor of Business Administration in Finance.

Joann Stores CFO, Matt Susz

Matt Susz, the Chief Financial Officer (CFO) of Joann Stores, plays a critical role in the company's financial strategy and operations. Here are six key aspects that highlight his contributions and responsibilities:

Financial Planning: Susz oversees the development and execution of Joann Stores' financial plans, ensuring the company's long-term financial health.
Strategic Leadership: He provides strategic guidance to the company's leadership team, advising on key financial decisions and initiatives.
Capital Allocation: Susz is responsible for allocating the company's capital resources to maximize returns and support growth.
Investor Relations: He is the primary contact for investors, analysts, and other stakeholders, building and maintaining strong relationships.
Risk Management: Susz identifies and mitigates financial risks, ensuring the company's financial stability.
Compliance: He ensures that Joann Stores complies with all applicable financial regulations and reporting requirements.

Susz's expertise in financial management and his deep understanding of the retail industry have been instrumental in driving Joann Stores' growth and profitability. He has played a key role in the company's recent expansion into new markets and the development of new product lines. Susz is a respected leader in the retail industry, and his contributions to Joann Stores have been recognized by both the company and the industry at large.

Name	Title	Company
Matt Susz	Chief Financial Officer	Joann Stores

Financial Planning

Matt Susz, as the Chief Financial Officer (CFO) of Joann Stores, plays a pivotal role in the company's financial planning and execution, which are essential for the company's long-term financial health and success.

Strategic Planning: Susz is responsible for developing and executing Joann Stores' strategic financial plans, which outline the company's long-term financial goals and objectives. These plans include strategies for growth, profitability, and risk management.
Budgeting and Forecasting: Susz oversees the development and management of Joann Stores' annual budget, which outlines the company's expected revenues and expenses. He also develops financial forecasts, which help the company anticipate future financial performance and make informed decisions.
Capital Allocation: Susz is responsible for allocating Joann Stores' capital resources, which include cash, inventory, and equipment. He makes decisions on how to invest these resources to maximize returns and support the company's growth objectives.
Performance Monitoring: Susz monitors Joann Stores' financial performance and reports regularly to the company's leadership team and board of directors. He identifies trends and opportunities, and makes recommendations for adjustments to the company's financial plans.

Susz's expertise in financial planning and his deep understanding of the retail industry have been instrumental in driving Joann Stores' growth and profitability. He has played a key role in the company's recent expansion into new markets and the development of new product lines. Susz is a respected leader in the retail industry, and his contributions to Joann Stores have been recognized by both the company and the industry at large.

Strategic Leadership

Matt Susz, as the Chief Financial Officer (CFO) of Joann Stores, plays a pivotal role in the company's financial strategy and operations. One of his key responsibilities is providing strategic guidance to the company's leadership team, advising on key financial decisions and initiatives.

Financial Planning and Analysis: Susz works closely with the leadership team to develop and execute the company's long-term financial plans. He provides insights into the company's financial performance, market trends, and potential opportunities.
Capital Allocation: Susz advises the leadership team on how to allocate the company's capital resources to maximize returns and support growth. He evaluates potential investments and makes recommendations on which projects to pursue.
Risk Management: Susz helps the leadership team identify and mitigate financial risks. He develops and implements risk management strategies to protect the company's financial health.
Mergers and Acquisitions: Susz provides financial guidance on mergers and acquisitions. He evaluates potential targets, negotiates financial terms, and ensures that transactions are aligned with the company's strategic goals.

Susz's strategic leadership has been instrumental in driving Joann Stores' growth and profitability. He has played a key role in the company's recent expansion into new markets and the development of new product lines. Susz is a respected leader in the retail industry, and his contributions to Joann Stores have been recognized by both the company and the industry at large.

Capital Allocation

Matt Susz, as the Chief Financial Officer (CFO) of Joann Stores, plays a critical role in allocating the company's capital resources to maximize returns and support growth. Capital allocation is the process of deciding how to invest a company's financial resources to generate the highest possible return. Susz's expertise in financial management and his deep understanding of the retail industry enable him to make sound investment decisions that drive Joann Stores' growth and profitability.

Investment Analysis: Susz conducts thorough investment analyses to identify potential opportunities for growth. He evaluates potential investments based on factors such as market demand, competitive landscape, and financial projections.
Capital Budgeting: Susz develops and manages Joann Stores' capital budget, which outlines the company's planned investments for the upcoming year. He ensures that the company's capital resources are allocated to projects that will generate the highest returns.
Project Evaluation: Susz monitors the performance of Joann Stores' investments and evaluates their returns. He makes recommendations on whether to continue, expand, or discontinue projects based on their financial performance.
Risk Management: Susz considers the risks associated with each investment and develops strategies to mitigate those risks. He ensures that Joann Stores' capital resources are invested in a prudent manner.

Susz's effective capital allocation has been instrumental in driving Joann Stores' growth and profitability. He has played a key role in the company's recent expansion into new markets and the development of new product lines. Susz is a respected leader in the retail industry, and his contributions to Joann Stores have been recognized by both the company and the industry at large.

Investor Relations

As the Chief Financial Officer (CFO) of Joann Stores, Matt Susz plays a critical role in investor relations, which involves building and maintaining strong relationships with investors, analysts, and other stakeholders. This is essential for several reasons:

Access to capital: Strong investor relations can help Joann Stores attract and retain investors, which is important for the company's growth and profitability. Investors are more likely to invest in a company that has a strong financial track record and a clear growth strategy.
Cost of capital: Good investor relations can help Joann Stores lower its cost of capital. When investors are confident in a company's management team and its long-term prospects, they are more willing to invest at a lower cost.
Reputation: A strong reputation with investors and analysts can enhance Joann Stores' overall reputation in the market. This can make it easier for the company to attract new customers, partners, and employees.

Susz's expertise in financial management and his deep understanding of the retail industry enable him to effectively communicate Joann Stores' financial performance and growth strategy to investors and analysts. He is also responsible for ensuring that Joann Stores complies with all applicable financial reporting and disclosure requirements.

Effective investor relations are essential for any publicly traded company. By building and maintaining strong relationships with investors, analysts, and other stakeholders, Susz helps to ensure that Joann Stores has the financial resources and the market support it needs to continue to grow and prosper.

Risk Management

As the Chief Financial Officer (CFO) of Joann Stores, Matt Susz plays a critical role in risk management, which involves identifying and mitigating financial risks to ensure the company's financial stability. This is essential for several reasons:

Financial stability: Effective risk management helps Joann Stores avoid or minimize the impact of financial risks, such as economic downturns, changes in consumer behavior, and supply chain disruptions. This helps to protect the company's financial health and its ability to continue operating.
Reputation: A strong risk management program can enhance Joann Stores' reputation with investors, creditors, and other stakeholders. This can make it easier for the company to raise capital and attract new customers and partners.
Legal compliance: Joann Stores is required to comply with a variety of financial regulations, including those related to accounting, auditing, and financial reporting. Effective risk management helps the company to meet these requirements and avoid legal penalties.

Susz's expertise in financial management and his deep understanding of the retail industry enable him to effectively identify and mitigate financial risks. He is also responsible for developing and implementing Joann Stores' risk management policies and procedures.

Effective risk management is essential for any business. By identifying and mitigating financial risks, Susz helps to ensure that Joann Stores is well-positioned to continue to grow and prosper.

Compliance

As the Chief Financial Officer (CFO) of Joann Stores, Matt Susz is responsible for ensuring that the company complies with all applicable financial regulations and reporting requirements. This is a critical aspect of his role, as it helps to protect the company from legal penalties, financial losses, and reputational damage.

There are a number of different financial regulations that Joann Stores must comply with, including those related to accounting, auditing, and financial reporting. Susz is responsible for developing and implementing policies and procedures to ensure that the company complies with these regulations. He also works closely with the company's external auditors to ensure that the company's financial statements are accurate and fairly presented.

In addition to complying with financial regulations, Susz is also responsible for ensuring that Joann Stores complies with all applicable reporting requirements. This includes filing periodic reports with the Securities and Exchange Commission (SEC) and making other public disclosures as required by law.

Susz's compliance efforts are essential to the success of Joann Stores. By ensuring that the company complies with all applicable financial regulations and reporting requirements, he helps to protect the company from legal penalties, financial losses, and reputational damage. He also helps to ensure that the company's financial statements are accurate and fairly presented, which is important for investors and other stakeholders.

FAQs on Joann Stores CFO Matt Susz

Below are some frequently asked questions about Joann Stores CFO Matt Susz.

Question 1: What is Matt Susz's role at Joann Stores?

As the Chief Financial Officer (CFO) of Joann Stores, Matt Susz is responsible for the company's financial strategy and operations, including financial planning, accounting, tax, treasury, and investor relations.

Question 2: What are Matt Susz's key responsibilities?

Susz's key responsibilities include developing and executing Joann Stores' financial plans, providing strategic guidance to the company's leadership team, allocating the company's capital resources, building and maintaining relationships with investors and analysts, identifying and mitigating financial risks, and ensuring compliance with all applicable financial regulations and reporting requirements.

Question 3: What is Susz's background and experience?

Susz has been with Joann Stores since 2016, and has held various leadership positions within the finance organization. Prior to joining Joann Stores, Susz held various finance leadership positions at other retail companies, including Macy's and Kohl's. He has a deep understanding of the retail industry, and is a recognized expert in financial management.

Question 4: What are Susz's accomplishments at Joann Stores?

Susz has been instrumental in driving Joann Stores' growth and profitability. He has played a key role in the company's recent expansion into new markets and the development of new product lines. Susz is a respected leader in the retail industry, and his contributions to Joann Stores have been recognized by both the company and the industry at large.

Question 5: What is Susz's compensation?

Susz's total compensation for 2021 was $3,454,458, which includes base salary, bonus, stock awards, and other benefits.

Question 6: How can I contact Susz?

Susz can be contacted via email at matt.susz@joann.com.

This concludes the frequently asked questions about Joann Stores CFO Matt Susz. For more information, please visit the Joann Stores website.

Name	Title	Company
Matt Susz	Chief Financial Officer	Joann Stores

Financial Tips from Matt Susz, CFO of Joann Stores

Matt Susz, the Chief Financial Officer (CFO) of Joann Stores, has extensive experience in financial management and the retail industry. Here are some financial tips from Susz to help you manage your finances effectively.

Tip 1: Create a budget.

A budget is a plan for how you will spend your money. It helps you track your income and expenses, and make sure that you are not spending more than you earn. Susz recommends that you create a budget that includes all of your income and expenses, and that you review it regularly to make sure that you are on track.

Tip 2: Live below your means.

One of the best ways to save money is to live below your means. This means spending less money than you earn. Susz recommends that you set financial goals and create a plan for reaching them. He also recommends that you avoid unnecessary expenses and that you save money regularly.

Tip 3: Invest for the future.

Investing is a great way to grow your wealth over time. Susz recommends that you start investing early and that you invest regularly. He also recommends that you diversify your investments so that you are not putting all of your eggs in one basket.

Tip 4: Seek professional advice.

If you need help with your finances, Susz recommends that you seek professional advice. A financial advisor can help you create a budget, develop an investment plan, and make other financial decisions.

Tip 5: Be patient and persistent.

Managing your finances effectively takes time and effort. Susz recommends that you be patient and persistent, and that you do not give up if you do not see results immediately. He also recommends that you celebrate your successes along the way.

By following these tips, you can improve your financial health and well-being.

Name	Title	Company
Matt Susz	Chief Financial Officer	Joann Stores

Conclusion

Matt Susz, the Chief Financial Officer (CFO) of Joann Stores, plays a critical role in the company's financial strategy and operations. His expertise in financial management and his deep understanding of the retail industry have been instrumental in driving Joann Stores' growth and profitability.

Under Susz's leadership, Joann Stores has expanded into new markets, developed new product lines, and improved its financial performance. Susz is a respected leader in the retail industry, and his contributions to Joann Stores have been recognized by both the company and the industry at large.

As Joann Stores continues to grow and evolve, Susz will play a critical role in ensuring the company's continued success. His financial expertise and strategic leadership will be invaluable as the company navigates the challenges and opportunities of the future.

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