Salt Lake City real estate management and development company Woodbury Corp. has named E. Taylor Woodbury as its new CEO. Woodbury is a fourth generation Woodbury at the company and succeeds O. Randall (Randy) Woodbury, who served in the position for 11 years. Randy Woodbury 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. “The time has come for the next step in the executive leadership transition from the third generation of Woodburys to the fourth generation.”
“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.
Many of Woodbury Corp.’s current projects are being directed by fourth-generation Woodburys, Randy Woodbury said. These include the Falcon Hill National Aerospace Research Park, Vineyard Station, the revitalization of University Place, Holladay Hills on the former Cottonwood Mall property and the University of Utah Research Park.
“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 longterm to partner with the state and communities to achieve long-term success,” said Taylor Woodbury. “I know I have projects I’ll be working on the rest of my career. There aren’t many businesses that have the ability to say that.”
Woodbury Corp. was founded in 1919 and has $4 billion in assets under management, including retail, office, hotel, residential and industrial projects across 16 states.