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Saunders to retire as Sonoco CFO

Staff Report //December 4, 2018//

Saunders to retire as Sonoco CFO

Staff Report //December 4, 2018//

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Barry Saunders, senior vice president and CFO of Sonoco, is retiring after 30 years with the Hartsville-based global packaging company.

Saunders’ retirement will be effective March 1, Sonoco said in a news release. Julie Albrecht, a member of Sonoco’s executive committee who joined the company in 2017 and has served as corporate vice president, treasurer and assistant CFO, will be named vice president and CFO on the same date.

Saunders, who joined Sonoco in 1989, became CFO in May 2011. His career has included seven years in the company’s treasury department and a four-year stint as director of finance for Sonoco’s European operations. He was promoted to staff vice president and corporate controller in 2003 and to vice president, corporate controller and chief accounting officer in 2008.  

“Barry has played a crucial role in driving profitable growth across Sonoco’s consumer and industrial businesses as well as being a vital part of the executive leadership team during the development and execution of our current business strategy,” Sonoco president and CEO Rob Tiede said in the release. “Barry has built a very strong team of financial leaders throughout our businesses who serve as important business partners across our global operations. I want to personally thank Barry for being a trusted advisor and for his significant contributions to Sonoco throughout his career.”

During her Sonoco tenure, Albrecht has handled financing for four acquisitions totaling approximately $690 million, among other responsibilities. She spent nearly 20 years at Goodrich Corp./United Technologies Aerospace Systems, becoming finance director of an $800 million business when United Technologies acquired Goodrich in 2012.

“I am excited about the prospect of Julie becoming CFO upon Barry’s retirement,” Tiede said. “Her experience and leadership in several key financial roles, both inside and outside Sonoco, positions her well to continue building upon the strong financial footing Sonoco has developed over its nearly 120-year history.”

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