Christine R. Vlahcevic
About Christine R. Vlahcevic
Independent director of Tredegar Corporation (TG), age 62, elected effective January 9, 2025. Retired finance executive; previously Senior Vice President, Finance and Chief Accounting Officer at Performance Food Group (2015–2023), with prior interim CFO experience in healthcare and finance leadership roles across biotechnology, financial services, manufacturing, and non-profit sectors. The Board classifies her as independent under NYSE standards and TG’s Governance Guidelines and designates her an Audit Committee Financial Expert, reflecting deep accounting and financial management expertise .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Performance Food Group | Senior Vice President, Finance and Chief Accounting Officer | 2015–2023 | Senior public-company finance leadership; CAO responsibilities |
| Undisclosed healthcare company | Interim Chief Financial Officer | Not disclosed | Interim CFO experience |
| Various companies (biotech, financial services, manufacturing, non-profit) | Financial executive | Not disclosed | Broad cross-sector finance roles (domestic and global) |
External Roles
| Company/Organization | Role | Tenure | Notes |
|---|---|---|---|
| — | None disclosed (no current public company directorships identified in proxy) | — | Skills matrix shows no “Public Company Board” mark for Vlahcevic; no other directorships listed in bio |
Board Governance
| Item | Details |
|---|---|
| Independence | Affirmatively determined independent under NYSE and TG Governance Guidelines |
| Committee assignments (as of Mar 10, 2025) | Audit Committee (member); Executive Compensation Committee (member). Chairs: Audit—Thomas G. Snead, Jr.; Executive Compensation—Carl E. Tack, III |
| Audit Committee Financial Expert | Yes (Board determination) |
| 2024 Board meetings | 6 meetings; each then-serving director attended 100% (note: Vlahcevic joined Jan 2025) |
| Committee meetings in 2024 | Audit: 5; Executive Compensation: 3; Nominating & Governance: 4 |
| Executive sessions | Independent directors meet regularly in private session, chaired by the Chairman |
| Board composition | 7 directors; 6 independent as of proxy |
Committee Assignment Detail
| Committee | Role | Chair Role | 2024 Meetings | Notes |
|---|---|---|---|---|
| Audit | Member | Chair: Thomas G. Snead, Jr. | 5 | Vlahcevic designated “audit committee financial expert” |
| Executive Compensation | Member | Chair: Carl E. Tack, III | 3 | All members independent/non-employee directors |
| Nominating & Governance | Not listed as member | Chair: George C. Freeman, III | 4 | — |
Fixed Compensation (Director)
| Component | Amount |
|---|---|
| Non-Employee Director – Cash annual retainer | $60,000 |
| Non-Employee Director – Stock annual retainer | $90,000 (paid in stock awards) |
| Chairman of the Board – Cash | $32,500 |
| Chairman of the Board – Stock | $32,500 |
| Audit Committee Chair | $20,000 |
| Audit Committee Member (non-chair) | $9,500 |
| Executive Compensation Committee Chair | $11,000 |
| Executive Compensation Committee Member (non-chair) | $7,000 |
| Nominating & Governance Committee Chair | $7,500 |
| Nominating & Governance Committee Member (non-chair) | $4,500 |
Quarterly stock award schedule (illustrative 2024 grants for non-employee directors):
| Date of Grant | Non-Employee Director Shares | Chairman Additional Shares | Closing Price |
|---|---|---|---|
| Jan 2, 2024 | 4,128 | 1,491 | $5.45 |
| Apr 1, 2024 | 3,526 | 1,274 | $6.38 |
| Jul 1, 2024 | 4,787 | 1,728 | $4.70 |
| Oct 1, 2024 | 3,142 | 1,135 | $7.16 |
Notes:
- Stock awards granted under the 2018 Plan; grant-date fair value per ASC 718; became fully vested and transferable immediately on grant .
- Non-employee director compensation is set by the Nominating & Governance Committee; CEO receives no additional board compensation .
Performance Compensation (Director)
| Feature | Detail |
|---|---|
| Performance metrics tied to director pay | None disclosed; director equity awards vest immediately upon grant (no performance conditions) |
Other Directorships & Interlocks
| Company | Role | Committees | Interlocks/Conflicts Noted |
|---|---|---|---|
| — | None disclosed | — | No related-person transactions involving directors in 2024 or 2023 |
Expertise & Qualifications
- Audit Committee Financial Expert designation (SEC definition under Sarbanes-Oxley) .
- Skills matrix flags: Senior Leadership, Industry Experience, Corporate Governance, Financial; “Public Company Board” not marked for Vlahcevic .
- Extensive public-company finance background (CAO) and interim CFO experience cited by Board as rationale for nomination .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (as of Mar 1, 2025) | No line item for Ms. Vlahcevic appears in the Security Ownership of Management table; other directors listed individually . |
| Outside Director Stock Ownership Guidelines | Minimum ownership equal to 4x base annual cash retainer; 6 years to comply . |
| Compliance status | All directors except Ms. Vlahcevic (joined Jan 2025) have satisfied the guideline; she is within the 6-year window . |
| Hedging/Pledging policy | Directors/officers are prohibited from hedging TG stock; no special executive perquisites; no option repricing without shareholder approval . |
| Related-party transactions | None for 2024 or 2023 (Audit Committee reviews/approves per policy) . |
Governance Assessment
-
Strengths
- Independence and immediate committee impact: appointed to both Audit and Executive Compensation Committees; designated Audit Committee Financial Expert—strong signal for financial oversight and controls .
- Robust director ownership alignment framework (4x cash retainer, 6-year window) and immediate-vesting stock awards ensure market-linked exposure; Ms. Vlahcevic is new and within compliance period .
- Board-wide 2024 attendance at 100% and regular executive sessions by independent directors support oversight quality (note: she joined in 2025) .
- Use of independent compensation consultant (Pearl Meyer) with assessed independence; defined peer group and governance practices reduce consultant conflict risks .
-
Watch items / signals
- Say-on-pay support at ~60% in 2024 prompted significant shareholder outreach; as a member of the Executive Compensation Committee, Vlahcevic will be part of addressing investor feedback—continued monitoring of program responsiveness is warranted .
- No current public-company interlocks disclosed; no related-party transactions reported in 2023–2024—low conflict risk at present .
- Ownership guideline not yet satisfied due to recent appointment; trajectory towards guideline over the 6-year compliance window should be tracked .
-
Overall view
- Vlahcevic brings strong accounting/finance credentials, including CAO and interim CFO experience, and is positioned in key oversight committees. Combined with independence and Audit Committee Financial Expert status, this supports board effectiveness and investor confidence, with the main governance sensitivity tied to compensationalignment follow-through post the 2024 say-on-pay outcome .