Tredegar Corporation announced that John Gottwald is retiring as Tredegar’s president and chief executive officer. Mr. Gottwald joined Tredegar in 1989 and served as president and CEO from 1989 to 2001 and from 2006 to the present. He will continue to serve as a member of Tredegar’s board of directors and its executive committee.

Tredegar’s board of directors has appointed Nancy Taylor to succeed Mr. Gottwald as Tredegar’s president and chief executive officer. Ms. Taylor currently serves as executive vice president of Tredegar and as president of its largest operating division, Tredegar Film Products. Monica Moretti, currently vice president and general manager, Consumer Care, of Tredegar Film Products, will be promoted to president of Tredegar Film Products, replacing Ms. Taylor.

Mr. Gottwald said: “I want to thank the board of directors for the privilege of serving the company and all the employees who have dedicated themselves to the company.”

Commenting on the management changes, Richard Morrill, chairman of the board of directors of Tredegar, said: “We congratulate John on his retirement and are thankful to have his continued service on the board of directors. We are fortunate to have Nancy Taylor as John’s successor. Nancy brings extraordinary talent, vision and experience to her new position. She has worked tirelessly for the company in various roles and her experience in leading Tredegar Film Products and her strategic contributions as executive vice president of the company give the board of directors the utmost confidence in her. 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.”

Ms. Taylor said: “It is an honor to follow John as the president and chief executive officer of Tredegar. 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.” Regarding Ms. Moretti’s appointment as president of Tredegar Film Products, Ms. Taylor said: “Monica has made significant contributions to Tredegar Film Products and I am extremely pleased to announce her new role with the company.”