The unexpected death of Matt Susz, Joann Inc.’s executive vice president and chief financial officer, on June 15, 2022, has shocked internet users.
Jo-Ann Stores, LLC, or simply Jo-Ann (stylized as JOANN), is an American craft and fabric specialty retailer established in Hudson, Ohio. It owns the JOANN Fabrics and Crafts and Jo-Ann Etc. retail brands.
JOANN serves as a convenient single source for all of the resources, expertise, and inspiration needed to complete any project or passion, with the objective of helping every client find their creative Happy Place.
Following Mr. Susz’s untimely passing, the Company’s Board of Directors has nominated Tom Dryer, the Company’s Vice President and Controller, to serve as temporary Chief Financial Officer, starting June 15, 2022.
Obituary: Who Is Matt Susz? Joann Fabrics Stores CFO Death Cause
Matt Susz, executive vice president, and the chief financial officer of JOANN Inc., unexpectedly passed away, leaving family and friends heartbroken. His obituary is available on the internet. However, there is no information about his cause of death.
He joined JOANN in 1996. Over the past 26 years, he has held positions of increasing responsibility in finance, information technology, strategy, and operations. Susz worked for Arthur Andersen LLP in the audit practice for five years before joining JOANN.
Matt was active in the textiles industry and in his community, serving on the boards of directors of WeaveUp, Inc. and the United Way of Summit and Medina Counties, among others.
Susz contributed time and strategy as a board member, which aided both groups in moving forward.
Matt Susz Wife & Family Details
Matt Susz, CFO of JOANN fabric stores, was married to his wife, Julie Susz. For more than 25 years, the pair has been married. He hasn’t revealed the exact date of his wedding to the public.
The couple has three children named Audrey, Kyle, and Jonathan Susz. He was immensely adored and will be sorely missed.
President Joe Biden began his remarks at the White House with words of condolence for Matt and his family. ‘And, by the way, my condolences to the family of your CFO, who passed away unexpectedly,’ Biden said.
Matt Susz Net Worth: How Rich Was He?
The net worth of the CFO of JOANN fabric stores, Matt Susz, is estimated to be more than $1.5 million. He has accumulated his fortune largely through his career as a chief financial officer of the store.
He owns about 76,817 units of Joann Inc’s common stock. He has sold an estimated $818.99K worth of Joann Inc stock in the last year.
Matt has worked for Arthur Andersen as a Senior Accountant. He also worked for Leonard Green & Partners as Vice President, Treasurer, and Chief Operating Officer.