Hill Elected Lead Independent Director of Sonoco’s Board of Directors
June 16 2022 - 4:07PM
Sonoco (NYSE: SON), one of the largest sustainable global packaging
companies, today announced that Robert R. Hill, Jr., has been
elected Lead Independent Director of its Board of Directors. Hill
succeeds James M. Micali who is retiring after 19 years of service
to the Company’s Board.
“On behalf of the entire Board, we want to thank Jim for his
tireless work as our Lead Independent Director over the past decade
as well as his dedication to Sonoco and the Board since 2003,” said
John Haley, Chairman of the Board of Directors. “We are pleased to
have Robert stepping into the Lead Independent Director’s role.
Along with his knowledge of Sonoco and our board, he brings a
strong background in banking and finance, along with public company
C-suite, board and merger and acquisitions experience.”
Micali, 74, joined Sonoco’s Board of Directors in 2003. He
retired as President and Chairman of Michelin North America in 2008
after 32 years with Michelin. He continues to serve on
several public and private company boards, including American
Tire Distributors, Huntersville, NC, and Monolith Corporation,
Lincoln, NE.
Hill, 56, is Executive Chairman of the Board of Directors of
SouthState Corporation (NASDAQ: SSB), a financial services company
headquartered in Winter Haven, Florida. SouthState Bank, N.A., the
company’s nationally chartered bank subsidiary, provides consumer,
commercial, mortgage, and wealth management solutions to more than
one million customers throughout Florida, Alabama, Georgia, the
Carolinas and Virginia. Having worked over 27 years with
SouthState, Hill has served in various positions with the company,
including most recently as Chief Executive Officer since 2004.
Hill joined Sonoco’s board in 2019, and in addition to serving
as Lead Independent Director, he will chair the Company’s
Governance Committee and will continue to serve on the Board’s
Financial Policy and Executive Compensation committees.
A graduate of The Citadel, Hill earned a degree in Business
Administration and subsequently earned an MBA from the University
of South Carolina Moore School of Business. An active member of the
community, Hill has held leadership positions as a board member in
numerous organizations. He currently serves on the board of
directors of the University of South Carolina Development
Foundation, where he is vice-chairman. He recently served on the
board of directors of the Federal Reserve Bank of Richmond, where
he was audit chair. Prior to that, he served on the Charlotte
branch of the Federal Reserve Bank of Richmond board of directors.
Additionally, Hill is a past Chairman of the Board of the South
Carolina Banker’s Association.
About SonocoFounded 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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7494bfa-2477-4ec9-be2d-ca219a163a64
https://www.globenewswire.com/NewsRoom/AttachmentNg/f3b85fa4-f31a-4b48-b8bb-d3eca36439be
Contact: Lisa Weeks
843-383-7054
lisa.weeks@sonoco.com
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