Sonoco (SUN) Promotes Three Executives
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Price: $35.13 -0.62%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.5%
Revenue Growth %: -2.5%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.5%
Revenue Growth %: -2.5%
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Sonoco (NYSE: SON), announced three executive officer appointments, according to Sonoco Chairman and Chief Executive Officer Harris E. DeLoach, Jr., and M. Jack Sanders, president and chief operating officer.
John M. Colyer, Jr. has been promoted to vice president, Global Paper and Industrial Converted Products. In this new role, Colyer has responsibility for Sonoco’s largest business segment, including global tubes and cores, paper, recycling, wire and cable reels, and internal supply businesses, including adhesives and forest products. In total, this segment has 198 global plant locations in North America, Europe, South America, Australia/New Zealand and Asia. Colyer is a member of the Company’s executive committee, reporting to Sanders.
Prior to this new assignment, Colyer, 51, served as vice president, Global Industrial Converting, and was responsible for leading the effort to complete the recent acquisition of Tegrant Corporation.
Ronald G. Leach has been named vice president of Sonoco’s recently expanded Global Protective Packaging segment, elected an officer of the Company and appointed to the executive committee, reporting to Sanders.
Leach, 54, was president and chief executive officer of Tegrant Corporation, prior to the acquisition in November 2011.
R. Howard Coker, 49, has been named to the Company’s executive committee and remains vice president, Global Rigid Paper and Closures, reporting to Sanders. In this position, Coker has global responsibility for the Company’s composite can, and metal and peelable membrane ends and closures businesses.
Prior to this appointment, Coker was vice president, Rigid Paper and Closures – North America.
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John M. Colyer, Jr. has been promoted to vice president, Global Paper and Industrial Converted Products. In this new role, Colyer has responsibility for Sonoco’s largest business segment, including global tubes and cores, paper, recycling, wire and cable reels, and internal supply businesses, including adhesives and forest products. In total, this segment has 198 global plant locations in North America, Europe, South America, Australia/New Zealand and Asia. Colyer is a member of the Company’s executive committee, reporting to Sanders.
Prior to this new assignment, Colyer, 51, served as vice president, Global Industrial Converting, and was responsible for leading the effort to complete the recent acquisition of Tegrant Corporation.
Ronald G. Leach has been named vice president of Sonoco’s recently expanded Global Protective Packaging segment, elected an officer of the Company and appointed to the executive committee, reporting to Sanders.
Leach, 54, was president and chief executive officer of Tegrant Corporation, prior to the acquisition in November 2011.
R. Howard Coker, 49, has been named to the Company’s executive committee and remains vice president, Global Rigid Paper and Closures, reporting to Sanders. In this position, Coker has global responsibility for the Company’s composite can, and metal and peelable membrane ends and closures businesses.
Prior to this appointment, Coker was vice president, Rigid Paper and Closures – North America.
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