HARTSVILLE, S.C.--(BUSINESS WIRE)--Feb. 8, 2012-- Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today announced that its Board of Directors has elected James M. Micali as its independent Lead Director, effective immediately. This appointment replaces the current practice of having an independent Board committee chairman rotate as presiding director.
Micali has been an independent director of Sonoco since 2003 and currently serves as chair of the Board’s Corporate Governance and Nominating Committee. The Lead Director’s duties include presiding at executive sessions of the independent directors and at any meetings of the Board at which the Chairman is not present. In addition, the Lead Director will confer with the Chairman regarding Board meeting agendas, schedules and information sent to the Board, along with other duties.
Since 2008, Micali, 64, has been senior advisor to, and limited partner of, Azalea Fund III of Azalea Capital LLC, Greenville, S.C. He retired as chairman and president of Michelin North America, Inc., of Greenville, S.C., in August 2008. Micali is also a director of SCANA Corporation (NYSE:SCG), Ritchie Brothers Auctioneers, Inc. (NYSE:RBA), and American Tire Distributors Holding, Inc.
About Sonoco
Founded in 1899, Sonoco is a global provider of a variety of consumer packaging, industrial products, protective packaging and packaging supply chain services. With annualized net sales of approximately $4.5 billion, the Company has more than 19,000 employees working in 340 operations in 34 countries, serving some of the world’s best known brands in some 85 nations. Sonoco is a proud member of the 2011/2012 Dow Jones Sustainability World Index. For more information on the Company, visit our website at http://www.sonoco.com.
Micali print quality photo link: http:///www.box.com/s/vaktcn0g03jzl6ji8yis
Source: Sonoco
Sonoco
Roger Schrum, 843-339-6018
roger.schrum@sonoco.com