Sonoco (NYSE: SON), one of the largest sustainable global packaging
companies, today announced that Rob Dillard, who most recently
served as the Company’s Chief Strategy Officer, has been named
Chief Financial Officer, effective July 1, 2022.
In this new role, Dillard will be responsible for
Sonoco’s global finance functions including audit, controllership,
financial reporting, tax, treasury, risk management and insurance,
financial planning and analysis, as well as strategy and corporate
development. He will continue to report to Howard Coker, President
and Chief Executive Officer, and succeeds Julie Albrecht, who
previously announced plans to depart Sonoco on June 30, 2022.
Dillard, 48, joined Sonoco in 2018 and has led the
Company’s corporate strategy and mergers and acquisitions
activities. During his time with Sonoco, Dillard has led the
development of the Company’s overall strategy, which included the
recent $1.35 billion acquisition of Ball Metalpack, Sonoco’s
largest acquisition to date. Prior to joining Sonoco, Dillard
served as President of Personal Care Europe and Vice President of
Strategy and Innovation at Domtar Personal Care, a division of
Domtar Corporation. Prior to that, he served as President of
Stanley Hydraulics and Vice President of Business Development at
Stanley Black and Decker. He has extensive finance and capital
markets experience with UBS Investment Bank, where he served as
Executive Director in the Global Industrials Group. Dillard holds a
BA in Economics along with an MBA from the University of North
Carolina.
“We are pleased to have Rob assume this critical
finance leadership role,” Coker said. “Rob is a strategic leader
within the Company and brings extensive experience in corporate
finance and accounting, operations, strategy and corporate
development from both Fortune 500 companies and investment banking.
As our new CFO, Rob will use his experience and deep knowledge of
Sonoco’s culture and strategic opportunities to partner with our
global business leaders to further drive performance improvement
and shareholder value.”
About Sonoco Founded in 1899,
Sonoco (NYSE: SON) is a global provider of consumer, industrial,
healthcare and protective packaging. With net sales of
approximately $5.6 billion in 2021, the Company has approximately
22,000 employees working in more than 300 operations in 32
countries, serving some of the world’s best-known brands in some 85
nations. Sonoco is committed to creating sustainable products,
services and programs for its customers, employees and communities
that support our corporate purpose of Better Packaging. Better
Life. The Company ranked first in the Packaging sector on Fortune’s
World’s Most Admired Companies for 2022 as well as being included
in Barron’s 100 Most Sustainable Companies for the third
consecutive year. For more information, visit www.sonoco.com.
Forward Looking Statements
Statements included herein that are not historical in nature are
intended to be, and are hereby identified as, “forward-looking
statements” for purposes of the safe harbor provided by Section 21E
of the Securities Exchange Act of 1934, as amended. In addition,
the Company and its representatives may from time to time make
other oral or written statements that are also “forward-looking
statements.” Words such as “anticipate,” “assume,” “believe,”
“committed,” “consider,” “could,” “estimate,” “expect,” “forecast,”
“future,” “goal,” “guidance,” “intend,” “may,” “might,”
“objective,” “opportunity,” “outlook,” “plan,” “potential,”
“project,” “strategy,” “target,” “will,” “would,” or the negative
thereof, and similar expressions identify forward-looking
statements. Forward-looking statements in this press release
include but are not limited to statements regarding the Company’s
future operating and financial performance and the Company’s
strategy, including efforts to partner with global business leaders
to drive performance improvement and shareholder value and returns
for shareholders. Such forward-looking statements are based on
current expectations, estimates and projections about our industry,
management's beliefs and certain assumptions made by management.
Such information includes, without limitation, discussions as to
guidance and other estimates, perceived opportunities,
expectations, beliefs, plans, strategies, goals and objectives
concerning our future financial and operating performance. These
statements are not guarantees of future performance and are subject
to certain risks, uncertainties and assumptions that are difficult
to predict. Therefore, actual results may differ materially from
those expressed or forecasted in such forward-looking statements.
The risks, uncertainties and assumptions include, without
limitation, those related to the Company’s ability to execute on
its strategy, including with respect to partnerships, acquisitions,
cost management, restructuring and capital expenditures, and
achieve the benefits it expects therefrom; the Company’s ability to
return cash to shareholders and create long-term value; and the
other risks, uncertainties and assumptions discussed in the
Company’s filings with the Securities and Exchange Commission,
including its most recent reports on Forms 10-K and 10-Q,
particularly under the heading “Risk Factors.” The Company
undertakes no obligation to publicly update or revise
forward-looking statements, whether as a result of new information,
future events or otherwise. In light of these risks, uncertainties
and assumptions, the forward-looking events discussed herein might
not occur.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7bc158f0-9c3e-48e4-b7d5-67c0f8c0a265
Contact:
Lisa Weeks
843-383-7524
lisa.weeks@sonoco.com
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