Tredegar Loses General Counsel One Month After CFO Departure
Management crisis
Company Background
Tredegar Corporation is a Richmond, Virginia-based manufacturer with two primary business segments: aluminum extrusions and surface protection films. The company carries a market capitalization of approximately $257 million and trades on the New York Stock Exchange.
Entering 2026, Tredegar executed a near-complete reset of its senior leadership. CEO John M. Steitz and CFO D. Andrew Edwards both retired effective December 31, 2025. On January 1, 2026, the board installed Arijit (Bapi) DasGupta — previously president of the Surface Protection segment — as CEO, elevated Frasier W. Brickhouse II from corporate treasurer and controller to CFO, and named Paul Goldschmiedt as controller.
The governance picture grew more complicated in May 2026, when shareholders voted against the re-election of two incumbent directors, George C. Freeman III and Carl E. Tack III. Both resigned from the board on May 22, 2026, following a recommendation from the Nominating and Governance Committee. The board has since added two new directors — David Parks in February 2026 and Ana Dutra in August 2026 — but the executive suite has continued to see turnover.
What Was Disclosed
Kevin C. Donnelly notified Tredegar on September 8, 2026, of his intention to resign as Executive Vice President, General Counsel and Corporate Secretary, effective October 1, 2026. The company issued a press release on September 11 in connection with the departure. No reason for the resignation was disclosed and no successor was named.