Tredegar Corporation has increased the size of its board of directors from 10 to 12 and appointed three new independent directors: Kenneth Newsome, Gregory Pratt, and Carl Tack, III. All three along with incumbent board member, George Newbill, will be nominated and recommended by Tredegar’s board for election at the 2014 annual meeting to serve a three-year term expiring. R. Gregory Williams, chairman of Tredegar’s board, will also be nominated and recommended for election to serve a one-year term.
Separately, Tredegar director, Austin Brockenbrough, III, who has served on the Tredegar board since 1993, will retire from the board upon the expiration of his current term at the 2014 annual meeting. Following the 2014 Annual Meeting, the Tredegar Board will be reduced from 12 to 11 directors.
Newsome currently serves as CEO and president of AMF Bakery Systems, a leading manufacturer of high speed industrial baking equipment, a position he has held since 1996. In addition, Newsome currently serves as CEO of Ceres Companies, a holding company focused on the global food industry and which owns AMF Bakery Systems.
Pratt has nearly two decades of manufacturing and distribution experience in the steel and technology industries. Currently, he serves as the non-executive chairman of the Carpenter Technology Corporation, a leader in the development, manufacture and distribution of cast-wrought and powder metal stainless steels and specialty alloys.
Tack is currently a visiting professor for the Marshall Wythe School of Law and an Adjunct Professor for the Mason School of Business at the College of William & Mary.