Sonoco Products is replacing its CEO R. Howard Coker with Ernest D. Haynes III starting December 31, 2026.

Nov 9, 2026, 8:45 AM ETNew bossRead the original at SEC EDGAR

Neutral

Coker's retirement is paired with an internal successor who has worked at Sonoco since 1997 and led packaging businesses. The filing also sets CEO and CFO stock awards, but reports no business change, leaving Sonoco's outlook unchanged.

SON · Sonoco Products Company

AI read · Neutral

The AI's read

Haynes has worked at Sonoco since 1997 and led several packaging businesses, which supports a steady handoff. The filing also sets his annual equity award target at about $6 million and gives the CFO a $1.5 million retention award. These add pay commitments, but the filing reports no change to Sonoco's business or results.

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