Sonoco Products Company (NYSE: SON), a global leader in sustainable packaging, has announced senior leadership changes effective from January 3, 2025. Jerry Cheatham, a 36-year finance leader within Sonoco, has been named interim chief financial officer, replacing Rob Dillard. Dillard, who joined the company in 2018, contributed to significant transactions including the acquisitions of Eviosys and Ball Metalpack and the divestiture of the Thermoformed and Flexible Packaging (TFP) business to Toppan Holdings.
Shawn Munday, Vice President of Strategic Finance, is now reporting to Howard Coker, President and Chief Executive Officer. John Florence, Sonoco’s General Counsel and Secretary, has been given additional operational responsibilities over the company’s North America paper division.
Moreover, Roger Schrum has been named interim head of investor relations, replacing Lisa Weeks, who will leave the company at the end of January 2025. Schrum returns to Sonoco after retiring in 2022 as Vice President of Investor Relations and Corporate Affairs.
Sonoco will announce its fourth-quarter and full-year 2024 results on Tuesday, February 18, 2025, after the market closes. The company will host a conference call to discuss these results and review guidance for 2025 on Wednesday, February 19, 2024, at 8:30 a.m. Eastern Time.
In 2023, Sonoco reported net sales of approximately $6.8 billion and had approximately 22,000 employees working in more than 300 operations around the world. Sonoco was named one of America’s most responsible companies by Newsweek. The market has reacted to these announcements by moving the company's shares -1.3% to a price of $47.32. For the full picture, make sure to review Sonoco Products's 8-K report.
