Sonoco’s New Leadership Aims to Keep the Company Moving Forward
Sonoco, one of the world’s leaders in sustainable packaging solution, has made effective changes in their business leadership structure as of January 3, 2025. This is expected to promote operational efficiency as well improve the overall management of the firm’s finances.
Cheatham Jerry Assumed Office As Interim CFO
As a 36-year veteran of Sonoco, Jerry Cheatham now takes up the role of the interim Chief Financial Officer. Cheahtham previously served as Industrial Paper Packaging’s segment controller and has drastically improved finances of the business unit since he took over in 2022. A new CFO is being sought after. He succeeds Rob Dillard, who resigned the firm.
Howard Coker, the CEO of Sonoco, stated the following with respect to Cheatham:
“Jerry is a trusted leader who will provide stability during this transition. We appreciate the work Rob Dillard did for us; he made some pivotal acquisitions and formed strategic choices in our favor that allowed us to sustain position as a dominant force in sustainable packaging.”
Oversee Finance Strategy To Be Headed by Shawn Munday
Vice president for strategic finance Shawn Munday now controls the global treasury, taxation, and mergers and acquisitions. Having served in finance, education, and the United States Navy, Munday has significantly impacted Sonoco since the year 2022.
John Florence Has Had His Duties Expanded. He Now Oversees More Operations In The Company. He Also Works With The Legal Department.
After predicting the departure of Lisa Davis Weeks at the end of January, Roger Schrum, who used to be a Vice President at Sonoco, has returned as the interim Head of Investor Relations.
In sequential order Sonoco is explaining how it focuses more on growth rather than complex operations in order to stay as a leader in sustainable packaging.