Sonoco’s Senior Vice President and CFO, Barry Saunders, plans to retire after nearly 30 years with the Company, effective March 1, 2019. Sonoco appoints Julie Albrecht as new Vice President and CFO, effective following Saunders’ retirement, as the company says in the press release received by Lesprom Network.
On March 1, 2019, Albrecht is expected to assume CFO duties for the Company’s 2019 financial year and report to Rob Tiede, President and CEO. She is a member of the Company’s Executive Committee.
Albrecht, 51, joined Sonoco in March 2017 and has served as Corporate Vice President, Treasurer and Assistant CFO, holding responsibility for the Company’s treasury, tax and risk management functions. During that time she has been responsible for the Company’s relationships with the credit rating agencies and commercial banks and has handled financings for four acquisitions totaling approximately $690 million. She also has been instrumental in the Company’s efforts to drive significant improvement in cash flow from operations and free cash flow in 2018, and has been responsible for management of the Company’s retirement benefit plans.
Sonoco is one of the largest diversified global packaging companies.
