Incorporated under the laws | I.R.S. Employer Identification | |
of South Carolina | No. 57-0248420 |
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Barry L. Saunders, age 52, has been elected vice president and chief financial officer of the Company effective May 1, 2011. Charles J. Hupfer, senior vice president and chief financial officer, will be retiring effective May 31, 2011, after reaching the age of 65. | ||
Mr. Saunders joined Sonoco in 1989 after working as an audit manager with Ernst & Young. He worked in leadership positions in the Companys Treasury department for seven years before becoming director of corporate reporting and accounting. He then moved to Brussels, Belgium, for four years as director of finance for the Companys European operations before returning as staff vice president and global controller of the Companys Industrial businesses. He was promoted to staff vice president and corporate controller in 2003 and has been responsible for corporate accounting, financial reporting and all global business unit finance. He was elected vice president, corporate controller and chief accounting officer in 2008. A resident of Hartsville, South Carolina, Saunders holds a B.S. in accounting and an MBA from the University of South Carolina. He is a Certified Public Accountant. | ||
The Company has not entered into any material contracts, plans or arrangements with Mr. Saunders. There are no family relationships between Mr. Saunders and any other executive officer or director of the Company, and there are no arrangements or understandings pursuant to which he has been appointed. There are no transactions between the Company and Mr. Saunders that would constitute related person transactions under Item 404(a) of Regulation S-K, nor does Mr. Saunders hold a directorship with any reporting company. |
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibit 99 Registrants news release announcing the election of Barry L. Saunders to vice president and chief financial officer and the retirement of Charles J. Hupfer as senior vice president and chief financial officer. |
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SONOCO PRODUCTS COMPANY | ||||
Date: April 20, 2011
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By: | /s/ C.J. Hupfer | ||
C.J. Hupfer Senior Vice President and Chief Financial Officer |
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99 | Registrants news release announcing the election of Barry L. Saunders to vice president and chief financial officer and the retirement of Charles J. Hupfer as senior vice president and chief financial officer. |
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