Tredegar Appoints Cindy Yao as Vice President, Chief Financial Officer and Treasurer

Tredegar hires experienced transformation-focused finance leader Cindy Yao as CFO and Treasurer to support its One Tredegar operating-model shift.

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Experienced public-company finance and operating leader brings industrial manufacturing, transformation and global expertise

RICHMOND, Va.--(BUSINESS WIRE)-- Tredegar Corporation (NYSE:TG, also the “Company” or “Tredegar”) today announced that Cindy Yao will join the Company as Vice President, Chief Financial Officer and Treasurer, effective September 21, 2026.

Ms. Yao is a public-company and private-equity-backed finance executive with more than 30 years of experience leading finance, operations and transformation across industrial manufacturing, healthcare and distribution sectors. Prior to joining Tredegar, she served as Chief Financial Officer of Richmond, VA-based Holon Health. Before that, as Chief Financial Officer of HF Foods Group Inc., she led a variety of finance-organization remediation and operational turnaround efforts, capital-markets and liquidity initiatives, and enterprise systems work for this national distribution network. As Chief Financial Officer and Executive Vice President of Markel Food Group, a global food processing equipment and systems manufacturer, she helped lead a business transformation that significantly improved revenue, EBITDA and controls.

CEO Commentary

“Cindy is an accomplished public-company CFO and hands-on operating leader whose background is particularly well suited to Tredegar at this pivotal stage in our One Tredegar transformation,” said Dr. Arijit (Bapi) DasGupta, President and Chief Executive Officer. “As we pursue our transition from a holding-company structure toward an operating-company model, we need stronger enterprise-level financial visibility, performance discipline and accountability. Cindy brings a demonstrated ability to build and transform finance organizations, establish rigorous KPIs and operating cadences, strengthen controls and reporting, and partner with her peers to execute in complex, global manufacturing businesses.”

Dr. DasGupta continued, “Her experience leading operational finance, systems and data transformation, capital allocation and other areas operations will be valuable as we advance One Tredegar and sharpen our focus on execution across Bonnell Aluminum and High-Performance Films. I look forward to working with Cindy as we build a leaner, more agile organization and create long-term value for our shareholders, customers, employees and other stakeholders.”

“I am excited to join Tredegar and support Bapi and the leadership team as they advance the One Tredegar transformation,” said Ms. Yao. “The Company has high-potential businesses, talented employees and a clear opportunity to strengthen operating discipline, financial visibility and execution. I look forward to working with the team to help drive sustainable value creation.”

At Markel Food Group, Ms. Yao transformed finance, planning, controls and board reporting; established a Kaizen-based operating model and KPI cadence; and led capital-allocation, M&A and global operating initiatives, including leadership responsibilities for China operations. Earlier in her career, she served as Vice President, Corporate Treasurer of Bausch + Lomb, where she managed global capital structure, financing and working-capital initiatives. She also held finance leadership positions at Corning Inc. and Eastman Kodak.

Ms. Yao holds an EMBA from the University of Rochester, Simon Business School, a Master of Accountancy (Tax) from Virginia Tech and a BA from East China Normal University. She is a former CPA.

About Tredegar

Tredegar Corporation is an industrial manufacturer with two primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets and films for highly engineered surface protection applications in the global electronics industry and advanced packaging. With approximately 1,800 employees, the Company operates manufacturing facilities in North America and Asia.

Forward-Looking and Cautionary Statements

Some of the information contained in this press release may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those addressed in the statements. Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to execute its operational and organizational initiatives, attract and retain key personnel, changing economic and market conditions, customer demand, supply chain conditions, and the other factors discussed in the reports Tredegar files with or furnishes to the U.S. Securities and Exchange Commission. Tredegar does not undertake, and expressly disclaims, any duty to update any forward-looking statement, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260915796977/en/

Janet Stevens
Phone: 804-330-1062

Source: Tredegar Corporation

Key Terms

ebitda financial

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

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kpis technical

Key performance indicators (KPIs) are specific, measurable metrics a company uses to track how well it is reaching important goals, like sales growth, profit margins, customer retention, or production speed. They matter to investors because KPIs act like a company’s dashboard gauges—showing whether management’s strategy is working, signaling trends or problems early, and helping predict future earnings and risks that affect the value of an investment.

capital allocation financial

Capital allocation is the process of deciding how a company or individual uses their money to grow, pay bills, save, or invest. It matters because good decisions can help build wealth and ensure resources are used wisely, while poor choices can limit growth or cause financial problems. Think of it like managing your allowance—deciding whether to spend, save, or invest to meet your goals.

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m&a financial

M&A, short for mergers and acquisitions, involves one company combining with or purchasing another company to grow, streamline operations, or gain competitive advantages. For investors, M&A activity can signal potential for increased value, new opportunities, or changes in market dynamics, making it an important factor to watch in the business landscape.

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working-capital financial

Working capital is the difference between a company's short-term assets (like cash, inventory and receivables) and its short-term liabilities (like bills and payables). It shows the money a business has available to run day-to-day operations; like the fuel in a car that determines how far you can drive before refilling, it signals a company’s short-term liquidity and operational flexibility, information investors use to judge near-term financial health.