Joann Stores CFO Matt Susz's Leadership Blueprint

Joann Stores CFO Matt Susz is the Chief Financial Officer of Joann Stores, a leading fabric and craft retailer in the United States. Matt Susz has been with Joann Stores since 2016, and has over 20 years of experience in the retail industry. Prior to joining Joann Stores, Susz held various financial leadership roles at

Joann Stores CFO Matt Susz is the Chief Financial Officer of Joann Stores, a leading fabric and craft retailer in the United States.

Matt Susz has been with Joann Stores since 2016, and has over 20 years of experience in the retail industry. Prior to joining Joann Stores, Susz held various financial leadership roles at Kohl's Department Stores and The Home Depot.

As CFO, Susz is responsible for overseeing all financial aspects of Joann Stores, including financial planning and analysis, accounting, tax, and treasury. He also plays a key role in the company's strategic planning and capital allocation decisions.

Under Susz's leadership, Joann Stores has consistently delivered strong financial performance. In 2021, the company reported record sales and earnings, and Susz was recognized by Institutional Investor magazine as one of the top CFOs in the retail industry.

Susz is a graduate of the University of Wisconsin-Madison, where he earned a Bachelor of Science degree in accounting. He is also a Certified Public Accountant (CPA).

Joann Stores CFO Matt Susz

As the Chief Financial Officer of Joann Stores, Matt Susz plays a vital role in the companys financial success. Here are ten key aspects that highlight his contributions:

  • Strategic Planning: Susz is instrumental in developing and executing Joann Stores long-term financial strategy.
  • Financial Analysis: He provides key insights into the companys financial performance and market trends.
  • Capital Allocation: Susz makes strategic decisions regarding the allocation of Joann Stores financial resources.
  • Risk Management: He oversees the identification and mitigation of financial risks.
  • Investor Relations: Susz is responsible for communicating Joann Stores financial performance to investors.
  • Team Leadership: He leads a team of finance professionals and fosters a culture of collaboration.
  • Innovation: Susz promotes the adoption of innovative financial technologies and practices.
  • Industry Knowledge: He has a deep understanding of the retail industry and its financial dynamics.
  • Stakeholder Engagement: Susz maintains strong relationships with Joann Stores stakeholders, including shareholders, creditors, and analysts.
  • Ethical Leadership: He adheres to the highest ethical standards and ensures that Joann Stores operates with integrity.

These key aspects demonstrate Matt Suszs expertise and dedication to driving Joann Stores financial performance. His leadership has been instrumental in the companys success and has positioned it for continued growth in the future.

Matt Susz Bio-Data

NameMatt Susz
TitleChief Financial Officer
CompanyJoann Stores
EducationUniversity of Wisconsin-Madison, Bachelor of Science in Accounting
CertificationsCertified Public Accountant (CPA)

Strategic Planning

As the Chief Financial Officer of Joann Stores, Matt Susz plays a vital role in the company's strategic planning process. He is responsible for developing and executing the company's long-term financial strategy, which outlines the company's financial goals and objectives, and the strategies that will be used to achieve them.

Susz's strategic planning process begins with a thorough analysis of the company's internal and external environment. He reviews the company's financial performance, market trends, and competitive landscape. He also meets with key stakeholders, including the CEO, other members of the executive team, and the board of directors, to gather their input on the company's strategic direction.

Once Susz has a clear understanding of the company's strategic landscape, he develops a long-term financial plan. This plan outlines the company's financial goals and objectives, and the strategies that will be used to achieve them. The plan also includes a detailed budget, which outlines the company's expected revenues and expenses for the next several years.

Susz is responsible for executing the company's long-term financial plan. He works with the company's financial team to implement the plan's strategies and track the company's progress. He also provides regular updates to the CEO, other members of the executive team, and the board of directors on the company's financial performance.

Susz's strategic planning process is essential to the success of Joann Stores. His ability to develop and execute a sound financial plan has helped the company to achieve its financial goals and objectives, and has positioned the company for continued growth in the future.

Financial Analysis

Matt Susz, as the Chief Financial Officer of Joann Stores, is responsible for providing key insights into the company's financial performance and market trends. This involves analyzing the company's financial statements, conducting market research, and tracking industry trends. Susz uses this information to develop financial plans and strategies that help Joann Stores achieve its business objectives.

  • Financial Statement Analysis: Susz reviews the company's financial statements, including the balance sheet, income statement, and cash flow statement, to assess the company's financial health and performance. He analyzes trends in revenue, expenses, and profitability to identify areas of strength and weakness.
  • Market Research: Susz conducts market research to understand the competitive landscape and identify opportunities for growth. He analyzes consumer trends, competitor strategies, and industry dynamics to develop insights that inform the company's strategic planning.
  • Industry Trend Tracking: Susz tracks industry trends to identify emerging opportunities and risks. He monitors changes in technology, consumer behavior, and regulatory policies to ensure that Joann Stores is well-positioned to adapt to the changing market landscape.
  • Financial Planning and Strategy Development: Susz uses the insights gained from financial statement analysis, market research, and industry trend tracking to develop financial plans and strategies that help Joann Stores achieve its business objectives. He works with the company's executive team to set financial targets, allocate resources, and manage risk.

Susz's financial analysis and insights are essential to the success of Joann Stores. His ability to identify trends, develop strategies, and manage risk has helped the company to achieve consistent financial performance and position itself for continued growth in the future.

Capital Allocation

As the Chief Financial Officer of Joann Stores, Matt Susz is responsible for making strategic decisions regarding the allocation of the companys financial resources. This involves determining how much money to invest in different areas of the business, such as new store openings, inventory purchases, and marketing campaigns. Suszs capital allocation decisions play a critical role in the companys overall financial performance.

When making capital allocation decisions, Susz considers a number of factors, including the companys financial goals, market conditions, and competitive landscape. He also works closely with the companys executive team to ensure that capital is allocated in a way that supports the companys strategic objectives.

One of the most important capital allocation decisions that Susz makes is how much to invest in new store openings. Joann Stores has a large network of stores across the United States, and Susz must decide which markets to enter and how many new stores to open in each market. He also must decide how much to invest in each new store, including the cost of land, construction, and inventory. Suszs decisions regarding new store openings have a significant impact on the companys growth and profitability.

In addition to new store openings, Susz also makes decisions regarding how much to invest in inventory purchases. Joann Stores carries a wide variety of products, and Susz must decide how much inventory to keep on hand to meet customer demand. He also must decide how much to invest in new products and how to allocate inventory across the companys different stores. Suszs inventory management decisions have a significant impact on the companys sales and profitability.

Suszs capital allocation decisions are essential to the success of Joann Stores. His ability to make sound decisions regarding the allocation of the companys financial resources has helped the company to achieve consistent financial performance and position itself for continued growth in the future.

Risk Management

As the Chief Financial Officer of Joann Stores, Matt Susz is responsible for overseeing the identification and mitigation of financial risks. This involves identifying potential risks that could impact the company's financial performance and developing strategies to minimize the impact of these risks.

There are a number of different types of financial risks that Joann Stores is exposed to, including credit risk, market risk, and operational risk. Credit risk is the risk that a customer will not be able to repay their debt to the company. Market risk is the risk that the value of the company's investments will decline. Operational risk is the risk of losses resulting from inadequate or failed internal processes, people, and systems, or from external events.

Susz and his team use a variety of tools and techniques to identify and mitigate financial risks. These tools and techniques include financial modeling, stress testing, and scenario analysis. Susz also works closely with the company's other executives to develop and implement risk management strategies.

Effective risk management is essential for the success of any business, and Joann Stores is no exception. Susz's oversight of the company's risk management program has helped to protect Joann Stores from a number of financial risks and has contributed to the company's long-term success.

One example of how Susz's risk management expertise has benefited Joann Stores is the company's response to the COVID-19 pandemic. When the pandemic hit, Susz and his team quickly developed and implemented a number of strategies to mitigate the financial impact of the pandemic on the company. These strategies included reducing expenses, securing additional financing, and developing new sales channels. As a result of these efforts, Joann Stores was able to weather the pandemic and emerge from it in a strong financial position.

Susz's risk management expertise is a valuable asset to Joann Stores. His ability to identify and mitigate financial risks has helped the company to achieve consistent financial performance and position itself for continued growth in the future.

Investor Relations

As the Chief Financial Officer of Joann Stores, Matt Susz plays a vital role in the company's investor relations program. He is responsible for communicating the company's financial performance to investors, analysts, and other stakeholders. Susz's investor relations activities are essential for maintaining the company's credibility and attracting new investors.

One of Susz's most important investor relations responsibilities is to ensure that the company's financial information is accurate, timely, and transparent. He works with the company's accounting team to prepare the company's financial statements and other financial reports. He also reviews these reports with the company's auditors to ensure that they are accurate and compliant with all applicable regulations.

In addition to preparing financial reports, Susz also communicates the company's financial performance to investors through a variety of other channels. He meets with investors and analysts to discuss the company's financial results and outlook. He also gives presentations at investor conferences and participates in investor webcasts.

Susz's investor relations activities are essential for maintaining the company's credibility and attracting new investors. His ability to communicate the company's financial performance in a clear and concise manner has helped Joann Stores to build strong relationships with investors and analysts.

One example of how Susz's investor relations expertise has benefited Joann Stores is the company's successful equity offering in 2021. Susz and his team worked closely with the company's investment bankers to prepare for the offering and to market the company to potential investors. As a result of their efforts, the offering was a success and Joann Stores raised significant capital to fund its growth plans.

Susz's investor relations expertise is a valuable asset to Joann Stores. His ability to communicate the company's financial performance in a clear and concise manner has helped the company to build strong relationships with investors and analysts. These relationships have been essential for the company's success and have helped to position the company for continued growth in the future.

Team Leadership

As the Chief Financial Officer of Joann Stores, Matt Susz is responsible for leading a team of finance professionals and fostering a culture of collaboration within the finance department. Susz believes that a strong team is essential for the success of any organization, and he has worked hard to create a team that is both talented and motivated.

One of the most important things that Susz has done to foster a culture of collaboration within the finance department is to create an environment where everyone feels comfortable sharing their ideas and opinions. He encourages his team members to challenge the status quo and to come up with new and innovative solutions to problems. Susz also makes it a point to recognize and reward his team members for their contributions, which helps to motivate them to continue to do their best work.

Susz's leadership style has had a positive impact on the performance of the finance department at Joann Stores. The department has consistently exceeded expectations, and Susz has been recognized for his leadership skills by both his peers and his superiors. In 2021, Susz was named one of the top CFOs in the retail industry by Institutional Investor magazine.

The connection between Susz's team leadership and his success as CFO is clear. By creating a culture of collaboration and innovation, Susz has been able to build a high-performing team that is essential to the success of Joann Stores.

Innovation

In his role as Chief Financial Officer of Joann Stores, Matt Susz places great emphasis on driving innovation within the company's financial operations. He recognizes that embracing innovative technologies and practices can significantly enhance efficiency, accuracy, and decision-making capabilities within the finance department.

  • Technology Adoption: Susz has spearheaded the adoption of cutting-edge financial technologies, such as cloud-based accounting software, data analytics tools, and robotic process automation (RPA). These technologies have streamlined financial processes, reduced manual errors, and improved the overall efficiency of the finance department.
  • Data-Driven Insights: Susz promotes a data-driven approach to financial decision-making. He has implemented data analytics tools that enable the finance team to analyze large volumes of financial data, identify trends, and make informed decisions based on real-time insights.
  • Process Optimization: Susz continuously evaluates and optimizes financial processes to improve efficiency and productivity. He has implemented lean principles and Six Sigma methodologies to eliminate waste and streamline operations within the finance department.
  • Collaboration with Business Units: Susz fosters collaboration between the finance department and other business units within Joann Stores. He believes that close collaboration enables the finance team to better understand the needs of the business and provide tailored financial solutions that support the company's strategic goals.

Susz's focus on innovation has transformed the finance department at Joann Stores into a strategic partner that actively contributes to the company's success. Through the adoption of innovative technologies and practices, the finance department has become more efficient, data-driven, and responsive to the needs of the business.

Industry Knowledge

Matt Susz's deep understanding of the retail industry and its financial dynamics is a key factor in his success as the Chief Financial Officer of Joann Stores. The retail industry is constantly evolving, and Susz's knowledge of the industry's trends and challenges allows him to make informed decisions that benefit the company.

  • Understanding Customer Behavior: Susz has a deep understanding of customer behavior in the retail industry. He knows what motivates customers to make purchases, and he uses this knowledge to develop marketing and pricing strategies that drive sales.
  • Managing Inventory: Inventory management is a critical aspect of the retail industry. Susz knows how to manage inventory levels to ensure that the company has the right products in stock to meet customer demand, while also minimizing the risk of overstocking.
  • Controlling Costs: Susz is also skilled at controlling costs. He knows how to negotiate with suppliers to get the best possible prices on goods and services, and he also knows how to implement cost-saving measures without sacrificing quality.
  • Financial Planning: Susz's understanding of the retail industry's financial dynamics allows him to make sound financial plans for the company. He knows how to forecast sales and expenses, and he can develop strategies to achieve the company's financial goals.

Susz's industry knowledge has been a major asset to Joann Stores. His insights have helped the company to achieve consistent financial performance and to position itself for continued growth in the future.

Stakeholder Engagement

As Chief Financial Officer of Joann Stores, Matt Susz understands the importance of maintaining strong relationships with stakeholders. He knows that these relationships are essential for the success of the company.

  • Shareholders: Susz regularly communicates with shareholders to keep them informed about the company's financial performance and strategic plans. He also meets with shareholders to discuss their concerns and answer their questions.
  • Creditors: Susz maintains strong relationships with creditors to ensure that the company has access to the financing it needs to grow and operate. He also works with creditors to negotiate favorable terms and conditions on loans and other financing arrangements.
  • Analysts: Susz regularly meets with analysts to provide them with insights into the company's financial performance and outlook. He also answers analysts' questions and provides them with information that they can use to make informed investment decisions.
  • Customers: Susz knows that customers are the most important stakeholders of any company. He is committed to providing customers with the best possible shopping experience. Susz also works to ensure that the company's products and services meet the needs of customers.

Susz's strong relationships with stakeholders have been a major factor in the success of Joann Stores. His ability to communicate effectively with stakeholders, understand their concerns, and meet their needs has helped the company to build trust and credibility. As a result, Joann Stores has been able to attract and retain customers, secure financing, and achieve strong financial performance.

Ethical Leadership

Matt Susz, as the Chief Financial Officer of Joann Stores, recognizes the paramount importance of ethical leadership in fostering a culture of integrity and trust within the organization.

  • Transparency and Disclosure: Susz maintains a commitment to transparency and timely disclosure of financial information to stakeholders, ensuring that all relevant parties have access to accurate and reliable data.
  • Compliance and Regulatory Adherence: Under Susz's leadership, Joann Stores places the utmost importance on adhering to all applicable laws, regulations, and ethical guidelines, demonstrating a deep respect for the legal and regulatory landscape.
  • Conflict of Interest Avoidance: Susz and his team actively avoid any situations that could lead to conflicts of interest, maintaining impartiality and objectivity in all decision-making processes.
  • Stakeholder Engagement: Susz fosters open and honest communication with stakeholders, including shareholders, creditors, and customers, building trust and fostering a collaborative environment.

By prioritizing ethical leadership, Susz sets an exemplary standard for the entire organization. His commitment to integrity, transparency, and compliance has created a positive and ethical work culture at Joann Stores, which ultimately contributes to the company's long-term success and reputation.

FAQs on Joann Stores CFO Matt Susz

This section addresses frequently asked questions about Matt Susz, the Chief Financial Officer of Joann Stores, providing concise and informative answers to common concerns or misconceptions.

Question 1: What is Matt Susz's role as CFO of Joann Stores?

As CFO, Matt Susz is responsible for overseeing all financial aspects of Joann Stores, including financial planning, accounting, tax, and treasury. He plays a key role in the company's strategic decision-making and capital allocation processes.

Question 2: What are Matt Susz's key strengths as a financial leader?

Susz is recognized for his strategic planning abilities, analytical skills, and expertise in risk management. He has a deep understanding of the retail industry and is committed to driving innovation within Joann Stores.

Question 3: How has Matt Susz contributed to the success of Joann Stores?

Susz's leadership has been instrumental in the company's consistent financial performance and growth. His focus on operational efficiency, cost control, and customer-centric strategies has positioned Joann Stores for continued success.

Question 4: What is Matt Susz's approach to stakeholder engagement?

Susz maintains strong relationships with stakeholders, including shareholders, creditors, analysts, and customers. He emphasizes transparency, timely disclosure, and open communication to foster trust and build credibility.

Question 5: How does Matt Susz promote ethical leadership within Joann Stores?

Susz adheres to the highest ethical standards and ensures that the company operates with integrity. He promotes transparency, compliance, and conflict of interest avoidance to create a positive and ethical work culture.

Question 6: What is the significance of Matt Susz's role in the retail industry?

Susz is a respected figure in the retail industry. His expertise and leadership have contributed to Joann Stores' success and the advancement of industry best practices. He is recognized for his innovative approach and commitment to driving growth and profitability.

In summary, Matt Susz's expertise and strategic leadership have been integral to the financial success and growth of Joann Stores. His commitment to ethical practices, stakeholder engagement, and innovation has positioned the company for continued prosperity.

Transition to the next article section:

Financial Management Tips from Matt Susz, CFO of Joann Stores

Matt Susz, the Chief Financial Officer of Joann Stores, is a seasoned financial leader with over two decades of experience in the retail industry. His expertise and strategic guidance have been instrumental in driving Joann Stores' financial success. Here are some key tips from Susz that can benefit financial professionals and business leaders:

Tip 1: Embrace Data-Driven Decision-Making

Leverage data analytics to gain insights into financial performance, customer behavior, and market trends. Use data to inform strategic planning, risk management, and operational efficiency.

Tip 2: Prioritize Innovation and Technology Adoption

Stay abreast of emerging financial technologies and adopt innovative solutions to streamline processes, enhance accuracy, and improve decision-making capabilities.

Tip 3: Foster a Culture of Cost Consciousness

Implement cost-saving initiatives without compromising quality. Regularly review expenses, negotiate with suppliers, and explore opportunities for operational efficiencies.

Tip 4: Maintain Strong Stakeholder Relationships

Build and maintain positive relationships with shareholders, creditors, analysts, and customers. Communicate transparently, address concerns promptly, and demonstrate a commitment to ethical and responsible business practices.

Tip 5: Focus on Long-Term Sustainability

Consider the long-term impact of financial decisions. Invest in sustainable practices, manage risks prudently, and align financial strategies with the company's overall mission and values.

Tip 6: Embrace Continuous Learning and Development

Stay updated with industry best practices, regulatory changes, and emerging financial trends. Invest in professional development and encourage a culture of continuous learning within the finance team.

Tip 7: Lead with Integrity and Transparency

Maintain the highest ethical standards in all financial operations. Ensure accurate and timely financial reporting, comply with regulations, and promote a culture of transparency and accountability.

Tip 8: Foster a Collaborative and Inclusive Environment

Create a work environment where diverse perspectives are valued and collaboration is encouraged. Foster teamwork, open communication, and a shared commitment to achieving financial goals.

By implementing these tips, financial professionals and business leaders can enhance their decision-making, drive financial performance, and contribute to the long-term success of their organizations.

Transition to the conclusion of the article:

Conclusion on Joann Stores CFO Matt Susz

In exploring the multifaceted role of Matt Susz as the Chief Financial Officer of Joann Stores, we have highlighted his expertise and strategic leadership in driving the company's financial success. Susz's commitment to data-driven decision-making, innovation, cost consciousness, and stakeholder engagement has positioned Joann Stores for continued growth and profitability.

Susz's unwavering focus on ethical practices, continuous learning, and fostering a collaborative work environment serves as a model for financial leaders and business executives alike. By embracing these principles, organizations can enhance their financial performance, contribute to long-term sustainability, and build a culture of trust and accountability.

Unveiling Christina Kokkinakis: Discoveries And Insights Await
Matthew Dowd: Uncovering The Political Strategist Behind Maria Shriver
Unveiling The Truth: Chris Hardwick's Fall And Redemption

ncG1vNJzZmijn6C8eIONrGpnraNixKa%2F02ZpZ5mdlsewusCwqmebn6J8q7vAp6Vmq6Skv6a%2FjJydqGWdlsG1edKuqrNmmKm6rQ%3D%3D

 Share!