Sonoco Announces Transition of Chief Financial Officer
25 May 2022 - 10:30PM
Sonoco (NYSE: SON), one of the largest sustainable global packaging
companies, today announced that Julie Albrecht, who has served as
Vice President and Chief Financial Officer since March 2019, will
be departing the Company on June 30, 2022. Albrecht will remain in
the CFO role through that date to ensure a smooth and orderly
transition of responsibilities. Her successor will be the subject
of a future announcement as the Company is undergoing a retained
search of internal and external candidates.
Albrecht joined Sonoco in March 2017 as Corporate
Vice President, Treasurer and Assistant CFO holding responsibility
for Sonoco’s treasury, tax and risk management functions. As CFO,
she has been instrumental in the Company’s activities to improve
cash flow generation, de-risk and annuitize the Company’s domestic
defined pension plans and finance more than $2 billion in strategic
acquisitions.
“Julie has brought a focus on developing strong
finance talent, leading diversity and inclusion initiatives,
driving a process improvement culture in finance and building
strategic alignment between the CFO position and senior leadership
within Sonoco,” said Howard Coker, President and CEO. “She will be
missed, and I wish her all the best in her future personal and
professional endeavors.”
Albrecht is a finance professional with more than
30 years of diverse experiences. She is graduate of Wake Forest
University with a B.S. in Accounting. She spent four years in audit
with PricewaterhouseCoopers where she obtained her Certified Public
Accountant license. In 1996, Albrecht joined Coltec Industries
where she worked in various finance roles for almost 19 years after
Coltec was acquired by Goodrich Corporation, which was then
acquired by United Technologies. In March 2015, she became VP,
Finance, Investor Relations and Treasurer at Esterline
Technologies, a $2 billion global aerospace company.
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.
Contact:
Lisa Weeks
+843-383-7524
lisa.weeks@sonoco.com
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