Craig L. Nix Appointed to Sonoco Board of Directors

Rhea-AI Summary

Sonoco (NYSE: SON) appointed Craig L. Nix, CPA to its Board of Directors effective Feb. 12, 2026. Mr. Nix is CFO of First Citizens BancShares (Nasdaq: FCNCA) and brings decades of corporate finance, accounting and capital-allocation experience.

He will serve as an independent director, join the Audit Committee and Financial Policy Committee, and will stand for election at Sonoco’s next Annual General Meeting.

Positive

• Appoints CFO-level director with extensive corporate finance experience from a top-20 bank
• Audit and Financial Policy committee memberships strengthen financial oversight
• Independent director status supports board governance and shareholder representation
• Election at next AGM provides shareholder approval and governance transparency

Negative

• None.

News Market Reaction

-0.23%

1 alert

-0.23% News Effect

On the day this news was published, SON declined 0.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HARTSVILLE, S.C., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), a global leader in high-value sustainable packaging, today announced that, Craig L. Nix, CPA has been appointed to its Board of Directors (the “Board”).

Mr. Nix serves as Chief Financial Officer of First Citizens BancShares, Inc. (Nasdaq: FCNCA), a top 20 financial institution and the largest family-controlled bank in the United States, based in Raleigh, N.C. At First Citizens, he is responsible for all corporate finance functions, including accounting, financial planning and analysis, external reporting, investor relations and the tax, treasury and controller groups. Prior to taking this role in 2014, Mr. Nix served across a range of roles at First Citizens Bancorporation, Inc., based in Columbia, S.C., starting in 1999, including as Executive Vice President and Chief Financial Officer from 2001 to 2014. After First Citizens Bancorporation, Inc. merged with First Citizens in 2014, Mr. Nix was appointed to the First Citizens post-merger executive leadership team and oversaw the transition and evolution of the newly combined company’s corporate finance functions. Prior to that, Mr. Nix served as an audit manager at PricewaterhouseCoopers LLP.

“We are pleased to welcome Craig to Sonoco’s Board of Directors,” said John R. Haley, Chairman of the Board. “Craig is a seasoned and respected financial expert who has overseen significant finance-related decision-making at the highest levels of banking and business. The Board believes that Craig’s extensive experience in corporate finance, capital allocation and corporate restructuring, along with his current executive management role, will be a valuable perspective on the Board as Sonoco continues to execute its strategy, including portfolio simplification, organizational streamlining, and capital investments. As the current CFO of a top financial institution, he is well-positioned to share insight on financial operations practices to respond to and navigate changing business trends and dynamics.”

Mr. Nix is an independent member of the Board and will stand for election at the Company’s next scheduled Annual General Meeting. He joins the Company’s Audit Committee and the Financial Policy Committee.

About Sonoco
Founded in 1899, Sonoco (NYSE: SON) is a global leader in value-added, sustainable metal and fiber consumer and industrial packaging. The Company is now a multi-billion-dollar enterprise with approximately 22,500 employees working in 265 operations in 37 countries, serving some of the world’s best-known brands. Guided by our purpose of Better Packaging. Better Life., we strive to foster a culture of innovation, collaboration and excellence to provide solutions that better serve all our stakeholders and support a more sustainable future. Sonoco was named one of the World’s Most Admired Companies by Fortune in 2026 as well as one of America’s Most Admired and Responsible Companies by Fortune and Newsweek and by USA TODAY’s list of America’s Climate Leaders. 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 “believe,” “continue,” “expect,” “future,” “next,” “positioned,” “purpose,” “strive,” “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 expectations for the Company’s board refreshment process; the effects of the changes to the board; the board’s alignment with and the Company’s ability to execute its strategy; and the Company’s ability to serve stakeholders and support a more sustainable future. 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/daa0cf75-5303-4128-86b2-80de0001c95b

FAQ

Who is Craig L. Nix and why was he appointed to Sonoco's board (SON) on Feb. 12, 2026?

He is the Chief Financial Officer of First Citizens BancShares with long finance experience. According to the company, his background in accounting, capital allocation and corporate restructuring is expected to add financial oversight expertise to Sonoco’s board and committees.

What board roles will Craig Nix hold at Sonoco (SON) after his Feb. 12, 2026 appointment?

He will join the Audit Committee and the Financial Policy Committee as an independent director. According to the company, these committee roles align with his CFO experience and are intended to strengthen financial governance and policy oversight.

Will Craig Nix stand for election to Sonoco's board (SON) and when will that occur?

Yes. He will stand for election at Sonoco’s next scheduled Annual General Meeting. According to the company, his appointment is immediate but subject to shareholder election at the upcoming AGM for formal board membership.

How does Craig Nix's background at First Citizens (FCNCA) relate to Sonoco's strategy stated on Feb. 12, 2026?

His experience includes corporate finance, capital allocation and post-merger transitions. According to the company, that expertise is expected to support Sonoco’s portfolio simplification, organizational streamlining and capital investment initiatives.

Does Craig Nix's appointment change Sonoco's executive team or CFO position as of Feb. 12, 2026?

No. His appointment is to the Board of Directors, not an executive role at Sonoco. According to the company, Mr. Nix remains CFO of First Citizens and will serve Sonoco as an independent director and committee member.