PaperAge Magazine

Sonoco's CFO Barry Saunders to Retire, Julie Albrecht to Succeed Him

Barry Saunders Barry Saunders

Dec. 6, 2018 - Sonoco said that Barry Saunders (59), Senior Vice President and Chief Financial Officer, has announced his plans to retire after nearly 30 years with the company, effective March 1, 2019. He has served as CFO since May 2011.

"Barry has played a crucial role in driving profitable growth across Sonoco's Consumer and Industrial businesses, as well as being a vital part of the executive leadership team during the development and execution of our current business strategy," said Rob Tiede, President and Chief Executive Officer.

"Barry has built a very strong team of financial leaders throughout our businesses who serve as important business partners across our global operations. I want to personally thank Barry for being a trusted advisor and for his significant contributions to Sonoco throughout his career," Tiede added.

Julie Albrecht Julie Albrecht

Sonoco also announced plans to appoint Julie Albrecht who will be named Vice President and Chief Financial Officer, effective following Saunders' retirement.

Albrecht, 51, joined Sonoco in March 2017 and has served as Corporate Vice President, Treasurer and Assistant CFO. Prior to joining Sonoco, she was Vice President, Finance, Investor Relations and Treasurer for Esterline Technologies Corporation in Bellevue, Washington.

"I am excited about the prospect of Julie becoming CFO upon Barry's retirement. Her experience and leadership in several key financial roles, both inside and outside Sonoco, positions her well to continue building upon the strong financial footing Sonoco has developed over its nearly 120-year history," Tiede said.

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. To learn more, please visit: www.sonoco.com.

SOURCE: Sonoco