Woman executive to lead Tredegar
- December 1, 2009
A 49-year-old former general counsel for Tredegar Corp. has broken through Virginia’s corporate glass ceiling. Nancy M. Taylor will replace John D. Gottwald as president and CEO of the company when Gottwald retires in January.
The Richmond-based plastics films and aluminum extrusions company announced Monday that Taylor will succeed Gottwald on Jan. 31, 2010. The appointment makes Tredegar the first and only company among Virginia’s largest 50 publicly-traded firms, based on revenue, to have a woman CEO. Last year, the company reported $884 million in sales.
“Nancy brings extraordinary talent, vision and experience to her new position. She has worked tirelessly for the company in various roles …” Richard L. Morrill, Tredegar’s chairman of the board, said in a statement.
Taylor joined the company in 1991 as assistant general counsel. She became general counsel in 1997 and was appointed vice president, law in 1998. She went on to be named vice president, administration and corporate development in 2001. In 2003, Taylor moved to Europe as the managing director, Europe, for Tredegar Film Products where she was responsible for all film operations.
In late 2004 she returned to Richmond after being named senior vice president for strategy and special projects. Her next promotion in 2005 was as president of Tredegar Film Products, the company’s largest division. In 2009, Taylor was appointed executive vice president.
“Nancy’s many accomplishments in leading Tredegar Film Products include improving its financial performance and strengthening its leadership team and its customer relationships. We believe that Nancy’s selection evidences the strength of the company’s succession planning process,” said Morrill.
Taylor called it an “honor” to follow Gottwald as president and CEO. “I’m delighted to have the opportunity to lead Tredegar, and I’m looking forward to building on the strong foundation we have created over the years.”
Gottwald, 55, joined Tredegar in 1989 as president and CEO and held that role until 2001. He was chairman of the board of directors until 2006, when he again resumed his title as president and CEO. He will remain on the board.