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MANUFACTURING


BRYAN H. FAIRBANKS PRESIDENT AND CEO, TREX CO. INC., WINCHESTER


Fairbanks has been working to complete a $200 million plan to expand capacity at Trex, the world’s largest manufacturer of compos- ite decking products. Announced in June 2019, the expansion plan includes Trex’s new 200,000-square-foot Virginia production facil- ity, which opened this January. The company also plans to establish a new headquarters in Winchester. Trex sells its composite decking materials, railings and related products in more than 6,700 locations. The company reported annual revenue of $817 million in September 2020, and in February 2021, it ranked No. 12 on the Forbes list of America’s Best Mid-Size Companies. Fairbanks spoke about the company’s expansion on CNBC in March, saying con- sumer demand was growing for alternative wood products due to cost and environmental concerns. He noted that Trex’s composite deck- ing products contain 95% recycled material. Fairbanks has been with Trex for more than 17 years, becoming CEO in April 2020. A


THOMAS E. ‘TEDDY’


GOTTWALD CHAIRMAN, PRESIDENT AND CEO, NEWMARKET CORP., RICHMOND


CPA, he graduated with a degree in accounting from the University of Dayton and earned his MBA in finance from the University of Pittsburgh Katz Graduate School of Business. Before Trex, he served as finance manager for Ford Motor Co. for 10 years.


WILLIAM F. ‘BILLY’ GIFFORD JR. CEO, ALTRIA GROUP INC., RICHMOND


Gifford took over as chief executive of the tobacco products manufacturer in April 2020. He’s been with the company more than 25 years, including serving as president and CEO of subsidiary Philip Morris USA. He’s pushing a “Moving Beyond Smoking” strategy — a 10-year vision to transition smokers to “a noncombustible future.” That includes what the Fortune 500 company says are less risky products, including its IQOS systems, which heat tobacco — namely, Marlboro HeatSticks. Gifford announced in April that Altria had acquired the remaining 20% of on! oral nicotine pouches, giving it full ownership. Altria’s $12.8 billion investment in e-cigarette


manufacturer Juul Labs Inc. has been burdened by litigation, including an April ruling that plaintiffs may depose Gifford in their lawsuit blaming Juul for stoking youth addiction. Traditional cigarette sales made up 88% of Altria’s $26.15 billion revenue in 2020. Other holdings include equity investments in cannabinoid company Cronos Group and Anheuser- Busch InBev, where Gifford serves on the board. Altria announced in July 2021 that it was selling Ste. Michelle Wine Estates for $1.2 billion. Gifford is a graduate of Virginia Commonwealth University in Richmond, where Altria has made multimillion-dollar giſts to a variety of community causes.


GINA HARM PRESIDENT, AFTON CHEMICAL CORP., RICHMOND


Harm oversees a $2 billion company that develops, makes and sells petroleum additives at sites in the United States, Mexico, Belgium, Singapore, China and Brazil. More than 550 of the company’s 1,950 employees are based in Virginia. Aſter graduating with a chemical engineering degree from Grove City College, Harm joined engineering company Stone & Webster. She held positions with ExxonMobil Chemical Americas and GE Plastics before joining Aſton in 2007. She was named senior vice president and chief operating officer in October 2015 and became president in May 2018. She also serves on the board of the American Chemistry Council.


ONE THING I WOULD CHANGE ABOUT VIRGINIA: We need more lane capacity on Interstate 95 to handle the volume of travelers both northbound and southbound.


HOBBY/PASSION: As a native of Pittsburgh, Pennsylvania, I have been a lifelong fan of all the Pittsburgh sports teams. Whenever I have the


132 VIRGINIA 500


opportunity, I like to catch a live sporting event, whether it’s football, hockey or baseball. I also enjoy camping, hiking and spending time with my family.


FAVORITE VACATION DESTINATION: Hatteras Island, North Carolina


Gottwald leads the specialty chemicals company NewMarket Corp., which traces its roots to Ethyl Gasoline Corp. — a company his late grandfather Floyd Gottwald acquired in 1962 as president of Albemarle Paper Manufacturing Co. NewMarket is the parent of Aſton Chemical Corp. and Ethyl Corp., which manufactures lubricants and fuel additives.


Gottwald graduated with a chemistry degree from Virginia Military Institute, where he played football and served as class president. Aſter graduation, he joined the company in 1984, later earning his MBA from Harvard Business School. He has been president and CEO since


March 2004, and he succeeded his father, Bruce, as chairman of the board in 2014. With a decline in sales from $2.19 billion to $2.01 billion during the pandemic, he said the company was “stress-tested” but turned in a good year.


Gottwald belongs to a philanthropic family that Forbes named one of America’s Richest in 2015. The family’s giſts have supported the sciences and other causes, including the restoration of Tredegar Ironworks, where the American Civil War Museum is based. Gottwald also serves on the boards of Venture Richmond and VMI’s Jackson-Hope Fund.


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