Sonoco Products Company Announces CEO Succession Plan
Sonoco Products Company (SON) has announced that Chief Executive Officer Howard Coker will retire on December 31. Coker, who has been with the packaging manufacturer for 41 years, including six years in the top leadership role, is stepping down as part of a planned succession. Ernest Haynes III, the current president of Sonoco’s Global Consumer Packaging business, has been named as the successor. The transition marks a significant leadership change for the company as it moves from long-term veteran management to new executive oversight.
Tickers: $SON
Topics: CEO Retirement Succession Planning