Woodbury Corporation Announces New CEO

• Fifth President in company’s 104-year history
• Continued transition of leadership from third to fourth generation

SALT LAKE CITY, Utah (January 17, 2023) – Woodbury Corporation, a full-service real estate management and development company, today announced its new CEO as E. Taylor Woodbury. Taylor is a 4th generation Woodbury, who succeeds O. Randall (Randy) Woodbury, who served in the position for 11 years. Randy will now serve as vice chairman and continues as principal broker for the company.

“The past 11 years have been an incredible experience for me,” said Randy Woodbury, vice chairman and principal broker of Woodbury Corporation. “The time has come for the next step in the executive leadership transition from the third generation of Woodburys to the fourth generation.”

In the past decade Woodbury Corporation as endured and flourished through several major milestones, highlights include:

• The $500-million-dollar revitalization of legacy project University Place. Formerly known as University Mall, Woodbury Corporation is the original developer and owner of the 120-acre development, that includes premier shopping and dining for the region, residences, office buildings, and open green space.
• The successful inception and management of Woodbury Capital Funds, including Woodbury Strategic Partners, Woodbury Capital II, III, Legacy and Opportunity Zone Funds comprising approximately $600 million of investor commitments.
• Celebrating and honoring the company’s centennial anniversary in 2019. Founded in 1919 by F. Orin Woodbury, 104-years and four generations later, Woodbury Corporation continues to be privately owned.
• Successful stewardship through a global pandemic.

“I am really excited to keep working with family members, both my biological and corporate family, who give so much to this business. It’s an honor to be able to work with them and carry this company into the next 100 years,” said Taylor Woodbury, CEO of Woodbury Corporation.

Upcoming, state-defining projects Woodbury Corporation is actively working on include:

• Continued development of Falcon Hill National Aerospace Research Park. Falcon Hill is one of the most strategically placed aerospace research parks in the nation, located at Hill Air Force Base in Davis and Weber Counties. This 550- acre private development is under an Air Force Enhanced Use Lease and currently has over 1.1 million square feet of commercial space.
• Vineyard Station, Vineyard city’s first mixed-use, transit-oriented, walkable community. Located on the eastern shore of Utah Lake, Woodbury Corporation and Flagship Homes are currently developing nearly 300 acres of master-planned new development that will offer places to live, work, shop, dine, worship and more, with a promenade running through the center of it leading to Utah Lake.
• The continued revitalization of University Place will include a hotel (opening soon), more class-A office space, and approximately 1,000 additional residential units.
• Holladay Hills, the redevelopment of the former Cottonwood Mall property. Holladay Hills is a 58-acre mixed-use project, which will include living and office space, along with dining, shopping and entertainment options and a central park for gatherings.
• Continued development of the University of Utah Research Park, including 500,000 square feet of existing research building and a new 260,000 SF state-of-the-art laboratory building.

Each of these projects, and many more not mentioned, are being managed and executed with largely fourth generation family members in leading roles as the transition of principals takes place within the company.

“We aren’t afraid to tackle a 20-year project. I know I can speak for my family when I say that we are committed to sticking with projects for the long-term to partner with the state and communities to achieve long-term success.  I know I have projects I’ll be working on the rest of my career”, said Taylor Woodbury, CEO of Woodbury Corporation. “There aren’t many businesses that have the ability to say that.”

About Woodbury Corporation:
Founded in 1919, privately held Woodbury Corporation is one of the oldest and most respected full-service real estate development companies in the Intermountain West. Headquartered in Salt Lake City, Utah, and with $4 Billion in assets under management, the Woodbury portfolio includes retail, office, hotel, residential and industrial projects across 16 states. For more information, please visit https://live-woodburycorp3.pantheonsite.io .

Press Contact:
Amanda Butterfield
Woodbury Corporation PR
A_butterfield@woodburycorp.com
801-440-9837