Clark Joins Sonoco Board of Directors

Rhea-AI Summary

Sonoco Products Company (NYSE: SON) has announced the election of Scott A. Clark to its Board of Directors as an independent member. Clark, 59, brings 28 years of executive experience from Michelin, where he most recently served as Executive Vice President and Member of Michelin's Group Executive Committee.

Clark's experience includes serving as Chairman and President of Michelin North America and holding various operations and marketing leadership roles across the U.S., France, and Singapore. His career began in consumer-packaged goods marketing at Ralston Purina and Ralcorp Holdings.

The new board member holds a BS in accounting and an MBA in marketing from Washington University's John M. Olin School of Business. He has previously served on boards including TBC , Michelin North America, and industry associations.

Positive

• Addition of experienced executive with global management expertise
• Strategic enhancement of European market insights for growth opportunities
• Brings valuable consumer packaged goods industry experience

Negative

• None.

HARTSVILLE, S.C., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced that Scott A. Clark has been elected to its Board of Directors. Clark is an independent member of the Sonoco board and will stand for election at the Company’s next scheduled Annual General Meeting.

Clark, 59, is a 28-year executive of Michelin where he most recently served as Executive Vice President and Member of Michelin’s Group Executive Committee with responsibilities for the company’s largest global business segments and supervising their largest geographic markets. Previously, he was Chairman and President of Michelin North America along with a variety of operations and marketing leadership roles for the company in the U.S., France and Singapore. Before joining Michelin, Clark started his career as a consumer-packaged goods marketer overseeing a diverse group of snack, cereal and pet care brands for the former Ralston Purina and Ralcorp Holdings.

“We are extremely pleased to have Scott joining the Sonoco Board as he brings significant global management, operations and commercial consumer packaged goods leadership. With nearly a decade worth of experience living and leading large businesses in Europe he will provide us key insights into a region which is important for Sonoco’s growth,” said John Haley, Sonoco’s Chairman of the Board of Directors.

Clark received a Bachelor of Science degree in accounting and an MBA in marketing from Washington University’s John M. Olin School of Business. He currently resides in Greenville, S.C., and has previously served on the board of TBC Corporation, Michelin North America, the United States Tire Manufacturers Association and the European Tire and Rubber Manufacturers Association.

About Sonoco
Sonoco (NYSE: SON) is a global leader in high-value, sustainable packaging that serves some of the world’s best-known brands. Our portfolio is composed of leading products that serve large, attractive end markets for metal and fiber consumer and industrial packaging. Guided by our purpose of Better Packaging. Better Life™, we foster a culture of innovation, collaboration, and excellence to provide solutions that better serve all our stakeholders and support a sustainable future. With net sales of approximately $6.8 billion in 2023, Sonoco has approximately 28,000 employees working in more than 300 operations around the world. Sonoco was named one of America’s Most Responsible Companies by Newsweek. For more information on the Company, visit our website at www.sonoco.com.

Forward-Looking Statements
Certain statements made in this communication are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “accelerate,” “committed,” “enable,” “ensure,” “expect,” “future,” “will,” or the negative thereof, and similar expressions identify forward-looking statements. Forward-looking statements in this communication include, but are not limited to, statements regarding the Company’s journey to simplify its operating structure, leverage its competitive strengths, drive growth and enhance its customer experience, the Company’s ability to serve its stakeholders and support a sustainable future, the effects of senior leadership changes, and the company’s expectations regarding permanent senior leadership roles. These forward-looking statements are made based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. Such information includes, without limitation, discussions as to guidance and other estimates, perceived opportunities, expectations, beliefs, plans, strategies, goals and objectives concerning the Company’s future financial and operating performance. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ materially from those expressed or forecasted in such forward-looking statements. Risks and uncertainties include, among other things, risks related to the Company’s ability to execute on its strategy, including with respect to portfolio simplification, organizational streamlining, and capital investments, and achieve the benefits it expects therefrom, and the other risks, uncertainties and assumptions discussed in the Company’s filings with the Securities and Exchange Commission, including its most recent reports on Forms 10-K and 10-Q, particularly under the heading “Risk Factors”. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed herein might not occur.

Contact:        
Roger Schrum
843-339-6018
roger.schrum@sonoco.com 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2fadd3fc-9cf3-4d00-a33d-43c69f6bc679.

FAQ

Who is Scott A. Clark and what position did he take at Sonoco (SON)?

Scott A. Clark has been elected as an independent member of Sonoco's Board of Directors. He is a former Michelin executive with 28 years of experience, most recently serving as Executive Vice President and Member of Michelin's Group Executive Committee.

What is Scott Clark's previous experience before joining Sonoco's board?

Clark spent 28 years at Michelin, serving as Executive Vice President, Chairman and President of Michelin North America, and held various leadership roles across the U.S., France, and Singapore. He also worked in marketing at Ralston Purina and Ralcorp Holdings.

How will Scott Clark's appointment benefit Sonoco's European operations?

Clark brings nearly a decade of experience living and leading large businesses in Europe, which will provide key insights into a region that Sonoco has identified as important for growth.

What board experience does Scott Clark bring to Sonoco (SON)?

Clark has previously served on the boards of TBC , Michelin North America, the United States Tire Manufacturers Association, and the European Tire and Rubber Manufacturers Association.