Tredegar Corporation (NYSE: TG) shares drastically dropped -27.63% to $14.28 in the pre-market session after the report that Michael Schewel, Executive Vice President, General Counsel, and Corporate Secretary, will retire from Tredegar Corporation (NYSE: TG), and Kevin C. Donnelly will take his place effective January 1, 2021.
Since 2016, Mr. Schewel has been employed by Tredegar Corporation. Donnelly joined Tredegar in 2010 and has been its Associate General Counsel since 2013. Donnelly was an associate at Hunton & Williams LLP before joining Tredegar. He received a Bachelor of Arts degree from the University of Richmond and a Juris Doctor from the University of Virginia.
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Tredegar President and CEO John M. Steitz commented that Mike Schewel had been an integral member of our management team for many years. He will be missed. However, Kevin Donnelly has served ably as Tredegar’s Associate General Counsel for the past seven years and is a capable replacement.