Finance and markets: business, quotes, gold, energy and releases.
Sonoco Products said Monday that Ernest Haynes III, president of global consumer packaging, will become president and chief executive when R. Howard Coker retires at year-end. Coker, who has led the Hartsville, S.C., company since 2020, is also leaving its board.
Coker joined the packaging company in 1985 and has spent more than four decades there. Haynes, 53, joined Sonoco in 1997 and has held his current position since August. He will also join the board, the company said.
Sonoco said Haynes will receive an annual base salary of $1.1 million, with a target annual bonus equal to 120% of his base pay.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!