DeLoach to Retire as Executive Chairman of Sonoco; Haley Named Chairman-elect of Board of Directors
At retirement, DeLoach, 74, will have served as Chairman of Sonoco’s Board of Directors for 14 years, including Executive Chairman since 2013. He was first elected to the Board in 1998 and became Chief Executive Officer of the Company in 2000 and Chairman in 2005 before retiring from day-to-day leadership in 2013. In total, DeLoach has more than 33 years of senior management and board experience with Sonoco.
“There are few words to describe how fortunate Sonoco and the Board have been to have Harris as our Chairman for the past 14 years,” said James M. Micali, Sonoco’s Lead Independent Director. “In addition to his tenure in senior management of the Company, Harris has served with the Board to develop a stronger and more diverse team that has worked diligently to represent the best interests of shareholders, employees and the communities where Sonoco operates.”
Haley, 57, has served on the Sonoco Board since 2011 and is Chief Executive Officer of
In addition to serving on the Sonoco Board of Directors, DeLoach is a Trustee of the Duke Endowment. He formerly served on the boards of Duke Energy,
Founded in 1899, Sonoco (NYSE: SON) is a global provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. With annualized net sales of approximately $5.4 billion, the Company has 23,000 employees working in approximately 300 operations in 36 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 our 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 2019. For more information, visit www.sonoco.com.
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Source: Sonoco Products Company